Oil prices are likely to remain headline-driven in the near term, said Priyanka
Sachdeva of Phillip Nova, with markets focused on Donald Trump’s Tuesday
deadline on Iran. She said crude is holding recent gains but is reacting more to
geopolitical risk than supply-demand fundamentals. “Oil is no longer trading
supply and demand; it’s trading deadlines and detonations,” she noted, adding
that underlying market tightness persists despite efforts to offset Middle East
supply disruptions.
