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Analyst: Turmoil in the Middle East will push oil prices to speculative levels
Jin10 data reported on June 13, analyst Peter Cardillo from Spartan Capital stated: "The situation between Israel and Iran may deteriorate in the coming days before it ultimately cools down. Geopolitical turmoil is pushing oil prices to speculative levels beyond the current fundamentals. If oil prices rise significantly above $80 per barrel, we recommend considering short selling."