SocGen Forecasts Oil Price Normalization by End of Year

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Published: 2 hours ago

Societe Generale analysts predict oil prices will return to normal levels by the end of 2024, based on historical analysis of crises dating back to 1956. The forecast comes amid ongoing tensions involving Iran and regional conflicts affecting energy markets. Oil price normalization could strengthen currencies of oil-importing nations while weakening commodity-linked currencies. Traders should monitor energy-sensitive pairs as reduced oil volatility typically leads to more stable currency movements and shifts in central bank policy expectations.

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