Why Bearish Oil Bets Are Suddenly Looking Fragile

Market Intelligence Analysis

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Why This Matters

Bearish oil bets are losing momentum due to rising geopolitical tensions, which have led to an increase in oil prices, with Brent crude surpassing $65 per barrel.

Market Impact

Market impact analysis based on bullish sentiment with 80% confidence.

Sentiment
Bullish
AI Confidence
80%
Time Horizon
Short Term

Article Context

Note: This is a brief excerpt for context. Click below to read the full article on the original source.

At the start of the year, sentiment in the oil market was overwhelmingly and deeply bearish. Most forecasts pointed to a glut, and a sizable one at that. Then the U.S. struck Venezuela, took its acting president to stand trial in the U.S., and threatened Iran, Mexico, and Colombia that they were next. Protests broke out in Iran. Saudi Arabia and the UAE took different sides in Yemen. Brent crude is already over $65 per barrel. Geopolitics has always been a wild card for the oil market. There is always a potential for supply disruption in some large…

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Original article published by OilPrice.com on January 15, 2026.
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