I asked if crude oil prices will stabilize in an August 27, 2026, Barchart article, concluding with the following:
In late August 2026, considerable bullish and bearish factors are pulling crude oil and oil product prices in opposite directions. Prices are unlikely to stabilize until the U.S. and Iran reach a resolution. Expect continued two-way price volatility in crude oil, gasoline, and distillates as Iran continues to stall, the U.S. exhausts diplomatic options, and the U.S. President’s patience wears thin. I do not expect prices to stabilize in 2026. Markets across all asset classes reflect crude oil price action, which is likely to continue over the coming weeks and months.
