How can the US pump up oil prices?

If the United States finally decides not to remove other countries from the Iranian oil sanctions, then the cost of raw materials can skyrocket up to $80 per barrel.
Given the current action of additional geopolitical factors in the form of Venezuela and Libya, as well as the fundamental impact of OPEC+, in the summer on the oil market there can be a significant shortage of supply.

Such a state of affairs, if all three geopolitical areas do not get de-escalation in the summer term, opens up the potential for an increase in oil prices to $80 or more.

Nervousness in the oil market persists. According to experts, it is associated with signals of a weakening economic recovery in China and a deterioration in the prospects for the world economy as a whole.

"Despite the fact that the oil market seems to have reached its bottom and is likely to go up, the likelihood of recessions remains, given the seasonal factors and risks associated with the dynamics of financial markets," said NH Investment & Securities commodity trader Hong Seungka.

The information above cannot be considered as an investment advice and past results do not indicate future performance.
**Investors should have experience and understand the risks of losing all the initial investment.
80% of retail investor accounts lose money when trading CFDs with GMOTrading.

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