RE: News somewhere. Oil price 5% lower than earlier???????2 Apr 2026 23:57
StanleyB,
Whilst I accept that the price of crude oil will fall when this Iran business ends, the Gulf States remain members of OPEC, so will not pump like crazy to obtain market share. With damage done to oil fields by closing them down, restarting will be slow and awkward.
Yes, the price will fall, but I cannotnsee how it would fall below $60 per barrel in any hurry.