Oil - Overview as of 20.06.2025

Financial and commodity markets analytics


Oil prices demonstrate positive dynamics for the third week in a row. Investors are concerned about possible supply disruptions through the Strait of Hormuz. Military actions in the region and uncertainty around the position of the USA fuel demand for oil. At the same time, analysts point out that even if Washington postpones decisions, the risk of escalation remains. Iran is the third largest producer in OPEC, and any restriction of its exports can increase pressure on the global market of raw materials.Technically, the area of $74-75 has become a zone of resistance. The emergence of support in the form of buyers' activity is possible around $67.80, but in order to draw conclusions, it is necessary to wait for the market reaction.In addition, it is worth remembering that in conditions of increased uncertainty, the transfer of positions through the weekend is associated with additional risks.