Crude Oil Prices May Surge To USD 80 Per Barrel Amid Fresh US-Russia Tensions: Experts | World News
The commodity and CRM President NS Ramaswamy in Ventura can have a short-term target from the US Dollar from 72.07 USD Brent Oil (October, October, October).
This movement of US President Trump can increase oil prices further, because countries affiliated with Russian crude oil face a difficult choice between buying cheaper oil and encountering heavy export tariffs to the United States.
Experts for WTI crude oil (Sep’25) are waiting for a short -term target of 73 USD from the current 69.65 USD level. The price can rise to USD 76-79 by the end of 2025, while the disadvantage support is $ 65.
Experts, such developments can disrupt the global oil market, he said. Supply shock may be caused by a spare production capacity to increase oil prices by 2026.
Dilemma, President Trump wants lower oil prices, but infrastructure, labor and investment, because it is not possible to increase a rapid increase in US oil production.
Energy Specialist Narendra Çekija, “Russia is exporting 5 million barrels of oil to the global (oil) supply system every day. Crude oil prices will increase significantly – if not more – if Russian oil is forced to force global supply chains, 100 to 120 US dollars per barrel”.
“If Russian oil stopped flowing to the refineries of India, prices would rise globally. In India, there would be no oil shortage because our refinerers were imported from 40 different countries, but it would be difficult to balance the price of consumers.”
Even if Saudi Arabia and Seçkin OPEC take steps to fill the supply gap, it will contribute to the short -term price pressure. Even if the OPEC+ does not announce more production cuts, the oil market may be open.
Meanwhile, the last US-EU trade agreement provided some support to the market, but geopolitical tensions continue and continue to add upward risks. The market is also closely monitoring the US inventory levels and the upcoming interest rate decision, and a stronger US Dollar is pressure on oil prices.
The expanded US-China trade ceasefire also supported market feelings, but risks in the oil industry rose.
