Nakhle: Oil Volatility to Stay Until Iran Endgame Clear

Brent crude traded around 101 dollars per barrel as Iran stated it was prepared for escalated military conflict following increased regional hostilities. Carole Nakhle, CEO of Crystol Energy, told Bloomberg that 101 dollars per barrel represents a lower price point than what might have occurred under different circumstances. The direction of oil prices remained tied to developments in Iran, according to the report.

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