Oil Unlikely to Go Back to Pre-War Prices, Energy Aspects Says

Bloomberg Published Updated Economy
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Affected assets and topics

$OIL $XOM $CVX $GOLD $BNO

Why it matters

Energy Aspects' Global Gas Head, Livia Gallarati, believes oil prices are unlikely to return to pre-war levels due to ongoing risks and production ramp-up challenges. This sentiment suggests a bullish outlook for oil prices, potentially affecting energy-related assets and the broader market. The fragile ceasefire between the US and Iran contributes to the uncertainty, supporting higher oil prices.

  • Ongoing geopolitical tensions between the US and Iran
  • Challenges in ramping up oil and gas production
  • Reduced risk appetite among shipowners

Expected market reaction

Bullish Confidence 70% How confidence is read Horizon: Medium term Impact: Moderate

The expectation of sustained higher oil prices may positively impact energy stocks, such as ExxonMobil (XOM) and Chevron (CVX), while potentially pressuring airlines and other oil-dependent industries. This could also lead to increased volatility in the energy sector, influencing broader market sentiment and possibly supporting safe-haven assets like gold (XAU).

Risks

  • A sudden and unexpected resolution to the US-Iran conflict could lead to a sharp decline in oil prices
  • Increased production from other oil-producing countries could offset supply concerns and pressure prices

Evidence trail

Evidence
Source Bloomberg
Claim Oil Unlikely to Go Back to Pre-War Prices, Energy Aspects Says
Affected assets OIL, XOM, CVX, GOLD, BNO
AI inference Bullish · 70%
Generated 2026-04-09 07:22
Not priced here XAU

AI provenance

Analysed by Llama 3.3 70B Versatile (Groq) Methodology v1.0 Generated
Technical identifiers
Provider tag
groq-llama-3.3-70b-versatile
Analysis version
groq-llama-3.3-70b-versatile
Article id
68633
Timeframe
24h

Prediction lifecycle

  • Llama 3.3 70B Versatile (Groq) CVX Bullish 70% 24h
    Generated 6h 24h Excluded

    Excluded: no stored price within tolerance of this prediction's maturity, checked by rescore_expired_predictions

  • Llama 3.3 70B Versatile (Groq) BNO Bullish 70% 24h
    Generated 6h 24h Excluded

    Excluded: no stored price within tolerance of this prediction's maturity, checked by rescore_expired_predictions

  • Llama 3.3 70B Versatile (Groq) OIL Bullish 70% 24h
    Generated 6h 24h Excluded

    Excluded: no stored price within tolerance of this prediction's maturity, checked by rescore_expired_predictions

  • Llama 3.3 70B Versatile (Groq) XOM Bullish 70% 24h
    Generated 6h 24h Excluded

    Excluded: no stored price within tolerance of this prediction's maturity, checked by rescore_expired_predictions

Logged at publication, scored automatically once the window closes — never edited.

Original source

Energy Aspects Global Gas Head Livia Gallarati discusses energy markets amid the fragile ceasefire between the US and Iran. Speaking on Bloomberg Television, she says both oil and gas facilities will take time to ramp up. "Anything new is probably not going to be coming into the Strait [of Hormuz]. Shipowners don't have that risk appetite for now," Gallarati says. Asked whether prices will fall back to pre-war levels, she says: "I wouldn't put my money on that." (Source: Bloomberg)

Read the full article on Bloomberg

Original article published by Bloomberg on April 9, 2026. Analysis and insights provided by AnalystMarkets AI.

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