For the duration of the U.S.-Israel war with Iran, oil prices have been on a rollercoaster ride, And that volatility continues as negotiations resume in Pakistan. Patrick DeHaan, the senior petroleum analyst with Gasbuddy.com, said oil prices decreased last week, following news of the ceasefire. However, prices turned higher over the weekend as that ceasefire appeared to be failing. While prices moved higher to start the week, DeHaan said the volatility maybe dying down.
When it comes to the future of oil prices and fuel prices, it’s really difficult to make predictions with any kind of certainty. However, DeHaan said it would take a substantial amount of time to see improvements in fuel and oil prices even if an agreement between the U.S. and Iran is reached by the end of April.
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