Analyst: Oil prices attempt to Rebound, focus returns to fundamentals
Jin10 data June 25 news, oil futures are recovering some ground after facing dumping in the previous two trading days due to the gradual easing of the Israel-Iran conflict. Fawad Razaqzada from Forex.com stated in a report that any unexpected conflict could cause prices to surge again, but the market's focus has returned to the fundamentals. Before the recent escalation of conflict, prices had already risen from the lows in April. He noted, "A big question traders are asking is: If oil prices were already on the rise before the war, can they regain that upward momentum from the current levels now?"
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