Crude Oil Outlook: Why Crude May Trade Between $70 And $95? Expert Explains Key Risks

Crude oil prices remain volatile amid geopolitical tensions and supply concerns, leaving markets closely watching the next move. While fears of disruptions in the Strait of Hormuz have eased, uncertainty continues to keep a risk premium built into oil prices. Navneet Damani, Senior Group Vice President - Head Research, MOFSL, believes crude is likely to trade in a broad range of $70 to $95 in the coming months rather than revisiting the previous peak of $120 per barrel. He says any correction could present a buying opportunity, as lower global inventories and persistent supply risks continue to support crude prices.