TechFlow News, May 5: Crude oil futures prices continued to fluctuate as the market awaited clarity on the prospects of the Strait of Hormuz reopening. In a report, analyst Nikos Chabrias stated that recent renewed hostilities could undermine the ceasefire agreement, thereby sustaining the risk premium. He added that crude oil prices remain poised to reach new highs amid the ongoing conflict, but prolonged energy shocks heighten the risk of demand destruction—“ultimately potentially undermining the upward momentum in crude oil prices.” (Jinshi)
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