finance
U.S. oil prices projected above $80 per barrel this month
Market expectations for U.S. oil prices shifted sharply after a statement from President Trump. The probability of prices exceeding $80 per barrel rose from 13 percent to a near-certainty within one day.
Jul 8, 11:56 AM·1m read2 sources
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U.S. oil prices are now projected to exceed $80 per barrel this month. The change follows a statement from President Trump that the ceasefire with Iran is over. Yesterday the probability stood at 13 percent. The rapid shift reflects updated market assessments after the announcement.
Traders adjusted positions as the new assessment spread through energy markets. No additional official statements have been issued clarifying the status of the ceasefire. The price outlook remains subject to further developments in the region.
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