Citi sees oil prices of $75-$78/bbl if war disrupts 1.1 mln bpd of Iran's oil exports
1. Analysts predict Brent oil prices may rise 15%-20% amid Iran-Israel conflict. 2. Disruption of 1.1 million bpd of Iranian oil exports is a key factor.
FAQ
Why Bullish?
Rising oil prices typically increase demand for energy-related ETFs like BNO, historically seen during geopolitical tensions.
How important is it?
Higher oil prices could strongly influence BNO's performance, given its dependence on crude oil price movements.
Why Short Term?
The conflict escalations are likely to have immediate effects on oil prices, as seen during previous Middle East tensions.