Crude oil prices could remain capped in the $70 to $80 per barrel range through the end of the summer, provided the current trajectory toward resolving the Middle East conflict continues.
Maria Belova, research director at Implementa, outlined the scenario on Monday, citing the ongoing diplomatic progress as the primary anchor for near-term pricing.
Oil prices retreated below the $80-a-barrel mark on Thursday following the signing of an interim peace agreement between the United States and Iran.
The forecast reflects a market that has already digested the recent de-escalation.
Oil prices retreated below the $80-a-barrel mark on Thursday following the signing of an interim peace agreement between the United States and Iran.
The deal, finalized by President Donald Trump and Iranian leadership, removed a significant portion of the geopolitical risk premium that had supported higher valuations earlier in the year.
Belova’s outlook diverges from broader institutional forecasts.