Dr. Carole Nakhle, CEO of Crystol Energy, spoke to Rigzone’s Andreas Exarheas about the latest movements in oil prices. She explained that the recent decline was not particularly surprising, as much of the earlier increase had been driven by geopolitical concerns rather than a fundamental deterioration in the balance between supply and demand. As markets took some reassurance from diplomatic channels remaining open, part of the geopolitical risk premium built into prices began to unwind.
Daily oil prices, 2026
However, Dr Nakhle cautioned that geopolitical risks remain and that daily price movements are likely to stay sensitive to political rhetoric and developments. A more sustained move in either direction would require a deeper shift in market conditions, such as prolonged supply disruptions or a complete breakdown in diplomatic efforts. The latest movements reinforce the distinction between short term reactions to geopolitical headlines and the longer term direction of oil prices, which continues to be shaped by market fundamentals.
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