Recently, the international crude oil market has exhibited a series of complex and volatile dynamics, with price movements showing a dual characteristic of short-term strength and medium-to-long-term pressure under the interplay of multiple factors.Since June, although the overall increase in oil prices has been limited, the continuous upward trend has drawn widespread market attention. Now that the market has fully digested the earlier expectations of an OPEC+ production increase, can the sustained rally truly shift the prevailing pessimism or alter the medium-to-long-term outlook? Short-Term Bullish Factors Support Oil Price Rebound The recent resilience in oil prices is primarily driven by three short-term bullish factors: First, escalating geopolitical tensions in the Middle East have
Oil Prices Surge Amid Israel-Iran Conflict
Oil prices surged as Israel and Iran engaged in fresh attacks, heightening fears of supply disruptions and a broader regional conflict. Brent crude futures rose by 2.3% to $75.93 a barrel, while U.S. West Texas Intermediate crude futures gained 2.2% to $74.60. The conflict escalated with civilian casualties, leading to concerns about oil exports from the Middle East. President Trump expressed hope for a ceasefire between Israel and Iran but acknowledged the possibility of continued fighting before a deal is reached.