Oil trading range expected amid uncertainty over tanker volumes, Robin Brooks notes

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Oil trading range expected amid uncertainty over tanker volumes, Robin Brooks notes — Oil tanker volumes rise, price range seen

Robin Brooks discussed oil price trends following an appearance on Marketplace, noting that oil tanker volumes through the Strait of Hormuz are increasing.

Brooks acknowledged this as a positive development but emphasized that significant uncertainty persists in the market, suggesting oil prices may trade in a $80–90 range in the coming weeks.

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Brooks previously said Brent crude prices are likely to remain in a $80–90 range, citing war-related risks and a persistent risk premium in the market (link). In an earlier outlook, he predicted that a peace deal could send Brent to $85 a barrel and lower U.S. gas prices to $4 per gallon (link). His latest comments continue to reflect caution even as tanker volumes rise.

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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