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Oil Price Update – Warmer weather but rising tensions in the Middle East. What will happen to oil prices?…

10 May

 

After one of the coldest winters in many years and with shortages at the main oil terminals, oil prices have seen significant ups and downs. Now that the cold weather has ended, oil prices have if anything increased.

But why?!…

Washington’s recent stance of imposing new sanctions against Iran (who produce 4% of global supply) has caused the global market to react to the forecasted low supply and high demand of oil.

What will happen to oil prices in the future?…

The honest truth is quite simply “no one knows”. But…
Analysts say that the price of oil is capped because of the potential of U.S shale production. Of which the taps can be turned on if global oil prices reach a certain threshold. But some argue that we have yet to meet that threshold which could be cause oil prices to be 10% higher.

No one knows exactly what will happen but it might be worth ordering just in case it goes up any further…