Geopolitical tensions and oil prices rise due to the Iran-Israel conflict
Enverus
JUNE 13, 2025
EIR maintains that the fair value of oil should be in low $80s, if based purely on OECD crude and product stock levels. EIR maintains that softer balances will come 2H25 and that Brent prices will average $65/bbl for the rest of the year.” Furthermore, the market has forgotten the U.S. SPR remains ~200 MMbbls below 2021 levels.
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