Analyst: A strengthening dollar will limit the medium-term gains in crude oil

金色财经_ · 2026-04-02T07:54:25+00:00

Golden Finance reports that XS.com analysts believe that in the short term, crude oil prices may break through $110, due to the market not fully digesting the risk of escalating tensions in the Middle East. However, the medium-term outlook remains balanced, as expectations of Federal Reserve rate hikes could strengthen the dollar and suppress dollar-denominated crude oil prices.

金色财经_

2026-04-02 07:54:25

Abstract generation in progress

Golden Finance reports, April 2—an analysis by XS.com analyst Rania Gule stated in a report that, in the short term, crude oil prices are highly likely to break above $110 per barrel again. She said that after remarks from Trump recently, traders are building positions due to expectations that supply will be further disrupted. At present, the market has not fully priced in the risk of a comprehensive escalation of the situation in the Middle East, so in the short term the upside risk is greater than the downside risk. However, the analyst’s outlook for the medium term is more balanced, because the renewed outlook for Federal Reserve rate hikes could strengthen the U.S. dollar, thereby pressuring dollar-denominated commodities such as oil. She added that the medium-term outlook for crude oil still depends on the global economy’s ability to absorb the effects of high interest rates.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

1 Likes