Oil Futures For 2027 Have Jumped Almost 20%. Traders Believe Relief Could Take Longer Than Expected.
January 2027 crude has climbed 17% since early September as shipping fears and refinery damage limit hopes for a price retreat.
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4 Articles
Oil Futures For 2027 Have Jumped Almost 20%. Traders Believe Relief Could Take Longer Than Expected.
The U.S. Energy Information Administration has raised its oil price forecasts, adding to concerns about borrowing costs, consumer spending and the outlook for interest rates.
The oil market's 2027 relief hopes are fading fast
Data: FactSet; Chart: Courtenay Brown/AxiosTraders are betting that oil prices will remain elevated for longer than they anticipated just weeks ago, threatening to prolong the inflationary pressures that businesses and consumers have weathered for months.Why it matters: Oil inventories have helped cushion the blow from disrupted Middle Eastern supplies, but much of that buffer has been depleted since the war began.The possibility of sustained pr…
Oil markets initially saw the Iran war as a short-term price-hike in a long-term downtrend. But now traders are betting that oil prices will remain high until 2028, forcing a rethink...
Oil prices could remain at much higher levels than expected by investors and fuel a new wave of inflationary pressures on the world economy. Future contracts for the 2027 deliveries have increased in recent weeks, and analysts warn that the effects of the war with Iran on the energy market are likely to continue next year and affect transport, production and interest costs, Axios reports. According to market data analysed by the US publication, …
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