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

MeNews · 2026-04-13T02:50:10+00:00

XS.com Analyst Rania Gule pointed out in the report that in the short term, crude oil prices may break through $110 per barrel due to rising expectations of supply disruptions. Although short-term risks are skewed to the upside, medium-term risks are more balanced, as a strengthening dollar is expected to put pressure on commodities. The outlook for crude oil depends on the global economy's ability to absorb high interest rates.

MeNews

2026-04-13 02:50:10

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ME News Report, April 2 (UTC+8), XS.com analyst Rania Gule pointed out in a report that crude oil prices are highly likely to break through $110 per barrel again in the short term. She stated that after recent remarks by Trump, traders are building positions in anticipation of further supply disruptions. Currently, the market has not fully priced in the risk of a comprehensive escalation of the Middle East situation, so the short-term upside risk is greater than the downside risk. However, the analyst’s medium-term outlook is more balanced, as the rekindling of Fed rate hike expectations could strengthen the dollar, thereby putting pressure on dollar-denominated commodities like oil. She added that the medium-term outlook for crude oil still depends on the global economy’s ability to absorb the impact of high interest rates. (Source: Jinshi)

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