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Oil price prediction: Move to $100 expected after Iranian tanker strikes
Oil prices have risen sharply following further Iranian strikes on oil tankers. Gareth Soloway notes that he expects oil to move back to $100 in the coming days and then plans to resume a short position.
Soloway's outlook on oil’s trajectory fits within his broader market frameworks, having previously assessed employment data in detail when non-farm payrolls exceeded expectations. Additionally, his perspective on commodities extends beyond energy, as seen in his earlier evaluation of precious metals where he identified bearish signals in gold and silver amid shifting macroeconomic trends.
This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.
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