Oil prices could remain stubbornly high despite recovery of Middle East supply
Axios reports that oil prices could stay high even as the supply crunch tied to the Iran conflict eases and Middle East exports gradually recover. According to Axios, gasoline prices have dropped recently, but a return to pre-war levels is not expected soon. The outlet points to the high cost of moving oil out of the region and a risk premium tied to the threat of new attacks as factors keeping prices elevated.
Based on Axios's report - only one outlet has covered this so far. Read the original.Coverage 1 source · 1 report
Chronological.
-
Oil prices could remain stubbornly high despite recovery of Middle East supply
Oil markets are heading into an unusual period as the Iran conflict remains in dangerous limbo: The supply crunch is easing, but prices could stay stubbornly high. Why it matters: While gasoline prices have dropped lately, don't expect pre-war levels anytime soon even as Middle East exports fitfully recover. Getting oil out of the region is expensive, which filters down to consumers. The threat of new attacks can keep oil costs higher, too, thanks to the risk premium embedded in prices. The big
Related stories
U.S.
The U.S.-Israel Relationship Is Broken. Here’s How Eisenkot Could Fix It.
Business
Heat pumps: How much heat does your home really need?
U.S.
Donald Trump calls Barack Obama 'highly overrated' and claims he'd win a third term matchup
Business
NBA's Early-Season Injuries Could Prove Costly In Multiple Ways
Discussion 0 comments