What factors could lead to a decrease in oil prices?

Analyzing the Recent Surge in Oil Prices

As of Sunday evening, Brent crude oil is trading at approximately $109 per barrel, marking a dramatic 18% increase since Friday. While markets initially reacted slowly to last week’s developments, Brent prices have now soared 50% compared to levels before the conflict began. Although it may seem likely that prices could climb even higher, I believe there are several reasons to remain cautious. In fact, there are potential triggers that could drive oil prices downward, which I explore in this article.

One of the most significant factors that could ease prices is the resumption of oil tanker operations. Even a limited return of tankers to the market could have a substantial impact on supply and, consequently, on prices.