Lates News

According to a survey conducted by Deutsche Bank earlier this week, 54% of global investors expect a ceasefire agreement to be reached by the end of next month. By the end of May, this percentage is expected to rise to 76%. Similarly, many investors believe that the supply disruption in the Strait of Hormuz will not last long, with 42% of respondents expecting the strait to resume normal operations by the end of May. In addition, the majority of respondents do not believe that oil prices will have a significant increase from their current levels. Approximately 55% of respondents believe that Brent crude prices will not exceed $130 per barrel (earlier this month, Brent crude prices briefly rose to $119.50 per barrel).