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Strategist: Does not believe oil prices will return to $70 anytime soon
14/06/2026 20:09
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Svmuu News: Nick Tweed, Global Chief Market Strategist at ATFX, said, "I believe the dollar may weaken over the next few trading sessions. We may see modest gains in risk currencies such as the Australian dollar and the Japanese yen, but I don’t expect any major volatility." There remains a great deal of uncertainty regarding when the Strait will actually reopen and how long it will take for oil flows to return to normal. This will certainly take months, not weeks. I don’t think we’ll see oil prices return to $70 anytime soon. (Jin Shi)
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