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Oil traders stay bullish as Brent hovers at $90: 'Crude to stay elevated even if Middle East tensions cool down'

Crude price outlook: Morgan Stanley hiked its Q3 Brent crude outlook by $4 to $94 over geopolitical conflicts, while other analysts see a supply deficit of one million barrels per day in 2024 due to the prevailing OPEC cuts. ....

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Oil price pare gains, ease for second day over Gaza ceasefire talks; Brent at $89/bbl

Crude oil may still rise as analysts have warned that without an end to the conflict, there is an elevated risk that other countries, particularly Iran, could be drawn into the war. ....

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