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2026-04-09 13:18:16
[XS Analyst: Oil Price Decline Not a Sustained Trend, Rebound Driven by Risk Premium, Expected to Range-Bound in the Short Term] (1) XS analyst Linh Tran stated that the recent sharp drop in oil prices has not yet foreshadowed a sustained downward trend. Following the ceasefire agreement, Israeli attacks on Beirut and parts of southern Lebanon reignited concerns about supply disruptions, causing oil prices to rebound as investors adjusted their expectations. (2) However, the current oil price rebound does not reflect a genuine supply shortage, but is mainly driven by the reintroduction of risk premiums. (3) Near-month West Texas Intermediate (WTI) crude oil is expected to remain highly volatile and range-bound, fluctuating between $90 and $105 per barrel. The direction of oil prices depends on whether the tensions in the Middle East escalate into a structural supply disruption risk or remain merely a short-term psychological shock.
