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US-Iran war: Oil prices rebound after 11% fall as supply risks persist; can rise to $150/bbl, says Macquarie

Crude oil prices rebounded 4% on Tuesday despite easing tensions in the Middle East. Can crude oil prices still rise to $150 per barrel? Expert answers.

Mar 24, 2026 &03322424202631; 04:32 UTC www.livemint.com Trending 3/5

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Neutral impact

Sentiment score: +15/100

Moderate impact Short-term (days)

WHAT THIS MEANS

Oil prices rebounded 4% after an 11% decline, with geopolitical tensions in the Middle East creating persistent supply risk concerns. Macquarie analysts suggest crude could potentially reach $150/bbl if escalation occurs, though current easing tensions suggest this is a tail-risk scenario rather than base case.

AI CONFIDENCE

72% High

SENTIMENT GAUGE

NEWS POWER SCORE

AFFECTED ASSETS

⇅

Oil (WTI Crude)

CL=FCommodity

High volatility expected

Oil rebounded 4% but remains down 11% from recent highs; geopolitical risk premium is present but tensions are easing, creating conflicting signals

⇅

Euro / US Dollar

EURUSDCurrency

High volatility expected

Oil price volatility and Middle East tensions typically affect risk sentiment and USD strength; current easing reduces safe-haven demand

↑

Euro Stoxx 50

^STOXX50EIndex

Expected to rise

European energy stocks may benefit from oil rebound, but broader index exposure to energy is limited; easing tensions reduce downside risk

⇅

S&P 500

^GSPCIndex

Uncertain

US equities have limited direct exposure to oil price rebounds; easing geopolitical tensions is modestly positive but already partially priced in

PRICE HISTORY

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⚡ SUGGESTED ACTION

The 4% rebound appears to be technical bounce-back rather than fundamental catalyst. With tensions easing, the $150/bbl scenario is low-probability; avoid chasing oil on this headline. Monitor for actual escalation signals before taking directional positions; current setup favors range-bound trading in CL=F between $75-85.

KEY SIGNALS

Oil rebound after sharp decline suggests technical support holdingEasing Middle East tensions reduce immediate escalation risk$150/bbl scenario is expert speculation, not consensus or imminentSupply risk premium remains but is diminishing with de-escalationMarket likely already priced in geopolitical risk after 11% drop

SECTORS INVOLVED

EnergyCommoditiesTransportation

Analysis generated on Mar 24, 2026 at 04:50 UTC

Disclaimer: This analysis is generated by artificial intelligence for informational purposes only and does not constitute financial advice, investment recommendation, or solicitation. Original reporting by Livemint. Always conduct your own research and consult a qualified financial advisor before making investment decisions.

US-Iran war: Oil prices rebound after 11% fall as supply risks persist; can rise to $150/bbl, says Macquarie

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