1. Crude futures supported by Middle East tensions affecting oil supply risks. 2. U.S. gasoline demand fell significantly, signaling economic concerns. 3. Geo-political instability highlighted by U.S.-Russia discussions and Israeli operations. 4. Supply and demand dynamics showing mixed signals in energy markets. 5. Natural gas supplies increased unexpectedly, diverging from demand forecasts.
While geopolitical issues may boost crude prices, falling gasoline demand signals economic strain. Historical instances show that similar geopolitical tensions often lead to price volatility, but decreased demand can counteract bullish sentiments.
The article outlines factors influencing crude prices but lacks strong bullish signals due to demand concerns. The interplay between geopolitical events and market demand is crucial for CL.1's trajectory.
Short-term fluctuations are likely under geopolitical tensions, but sustained price impacts depend on demand recovery. Historical cases like the Gulf War show initial price spikes followed by corrections.