Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnSquareMore
Oil prices surge to highest level since mid-2022, ING warns: long-term supply disruptions already priced in

Oil prices surge to highest level since mid-2022, ING warns: long-term supply disruptions already priced in

金十金十2026/03/09 07:52
Show original
Golden Ten Data reported on March 9 that due to some major oil-producing countries in the Gulf beginning to cut production, and the Hormuz Strait shipping lane effectively remaining closed, oil prices have surged to their highest levels since mid-2022. Analysts at ING stated: "These production disruptions, combined with no signs of easing in the war, mean the market has to aggressively price in long-term supply interruptions. Even if transportation through the Hormuz Strait resumes, it will still take time to increase upstream capacity."
0
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!