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Muskaan Dewan

will the prices go up or down?

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cause of the US Iran tensions, will the prices go up? or stay down cause of over supply inventory and China US trade war?

and when exactly will they go up or down?

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It now depends on tomorrow's API and EIA inventory data

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The US alone just added 22 completion crews so expect a jump in production. A pipeline in Texas just started moving oil so any stranded oil in that area may come online soon = more production. Weekly storage trending on the 5 year chart is higher than average and then there is the trade war which is supposed to kill demand.

This all points to lower prices over time.

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