Analyst: Geopolitical risks may limit downward space for oil prices

On January 9, Jin Shi Data News, Pepperstone analyst Michael Brown said in a report: "In the past few trading days, the trend of crude oil has shown some favorable conditions. The recent outlook largely depends on the same factors that drove the market last year, mainly demand prospects, and whether major economies can embark on a stable and lasting economic recovery path." He added that current geopolitical risks may limit downside space.