Brent Dips Below $90 on Ceasefire Hopes, ING Sees Upside Risks
ING analysts note that Brent crude has fallen below $90 per barrel amid renewed ceasefire hopes, but they warn that upside risks remain in focus.
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According to ING analysts Warren Patterson and Eswar Manthey, Brent crude oil has slipped below the $90 per barrel mark. The decline is attributed to renewed optimism about a possible ceasefire that could allow energy flows to resume through the Strait of...
The analysts, however, emphasize that the risks of supply disruptions keep the upside potential in focus. The situation remains fluid as geopolitical developments continue to influence market sentiment.
Source: FXStreet Forex News