U.S.-Iran War Fuels Short-Term Oil Market Gains, But Experts Warn Against Long-Term Holding as WTI Crude Forecasted to $60
The U.S.-Iran war has significantly boosted short-term profits for major energy companies like ExxonMobil and Chevron, with Exxon's profits doubling to $14.5 billion and Chevron's net income surging nearly 400%. Oil prices have seen extreme volatility, peaking near $120 per barrel since early March before dipping to $72, and currently trading under $85 for U.S. crude and around $90 for Brent. However, investment experts warn that these geopolitics-driven gains are speculative and risky for long-term investors. They advise against extended holding of oil-related assets, with CFRA analysts forecasting WTI crude to be closer to $60 per barrel and suggesting diversification into other energy themes like natural gas and nuclear energy, which are expected to benefit from AI-driven demand.
Source:CNBC头条 · Source Link
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