13 Jul 2026

20:55

  • Bitumen 60/70

    414$

    +

    -

    15$

    FOB Bandar Abbas - New Steel Drum

    -1.2%

  • Bitumen 60/70

    414$

    +

    -

    15$

    FOB Bandar Abbas - New Steel Drum

    -1.2%

  • Bitumen 60/70

    394$

    +

    -

    15$

    FOB Bandar Abbas - Jumbo Bag

    -1.3%

  • Bitumen 60/70

    413$

    +

    -

    15$

    FOB Bandar Abbas - Flexitank

    6.2%

  • Bitumen VG10

    405$

    +

    -

    15$

    FOB Bandar Abbas - New Steel Drum

    -1.2%

  • Bitumen VG30

    406$

    +

    -

    15$

    FOB Bandar Abbas - New Steel Drum

    -1.2%

  • Bitumen VG40

    408$

    +

    -

    15$

    FOB Bandar Abbas - New Steel Drum

    -1.2%

  • Bitumen C170

    409$

    +

    -

    15$

    FOB Bandar Abbas - New Steel Drum

    -1.2%

  • Bitumen C320

    408$

    +

    -

    15$

    FOB Bandar Abbas - New Steel Drum

    -1.2%

  • Bitumen AH70

    398$

    +

    -

    15$

    FOB Bandar Abbas - Jumbo Bag

    -1.2%

  • Bitumen PG 76-10

    586$

    +

    -

    15$

    FOB Bandar Abbas - New Steel Drum

    -0.8%

  • Bitumen 200/300

    404$

    +

    -

    15$

    FOB Bandar Abbas - New Steel Drum

    -1.2%

  • Bitumen Oxidized 115/15

    368$

    +

    -

    15$

    FOB Bandar Abbas - Carton 25KG

    -1.3%

  • Bitumen Oxidized 105/15

    368$

    +

    -

    15$

    FOB Bandar Abbas - Carton 25KG

    -1.3%

  • Bitumen Oxidized 85/25

    370$

    +

    -

    15$

    FOB Bandar Abbas - Carton 25KG

    -1.3%

  • Bitumen Oxidized 95/25

    370$

    +

    -

    15$

    FOB Bandar Abbas - Carton 25KG

    -1.3%

  • Bitumen Emulsion CRS-1

    552$

    +

    -

    15$

    FOB Bandar Abbas - Reconditioned Drum

    -0.9%

  • Bitumen Emulsion K1-60

    552$

    +

    -

    15$

    FOB Bandar Abbas - Reconditioned Drum

    -0.9%

  • Bitumen Emulsion CRS-2

    595$

    +

    -

    15$

    FOB Bandar Abbas - Reconditioned Drum

    -0.8%

  • Bitumen Cutback MC70

    606$

    +

    -

    15$

    FOB Bandar Abbas - Reconditioned Drum

    -0.8%

  • Bitumen Cutback MC30

    621$

    +

    -

    15$

    FOB Bandar Abbas - Reconditioned Drum

    -0.8%

  • Bitumen Cutback MC250

    592$

    +

    -

    15$

    FOB Bandar Abbas - Reconditioned Drum

    -0.8%

  • HSFO CST 180

    388$

    +

    -

    5$

    FOB Bandar Abbas - Bulk

    0.5%

  • HSFO CST 380

    382$

    +

    -

    5$

    FOB Bandar Abbas - Bulk

    0.5%

  • HSFO CST 180

    449$

    +

    -

    5$

    FOB Singapore - Bulk

    0.9%

  • HSFO CST 380

    443$

    +

    -

    5$

    FOB Singapore - Bulk

    0.9%

  • Crude Oil Dubai

    69.23$

    +

    -

    5$

    FOB UAE - Bulk

    -1.8%

  • Crude Oil WTI

    72.7$

    +

    -

    5$

    Texas - Bulk

    1.8%

  • Crude Oil Brent

    77.48$

    +

    -

    5$

    London - Bulk

    1.9%

Home Blog ING: Oil Prices Have Overshot To The Downside 

ING: Oil Prices Have Overshot To The Downside 

codarx

codarx

Share

to read: 30 second

Ratings:
()
/ 5

Update date: 2026/06/29

Global oil prices have collapsed back to pre-war levels, trading down near $70 per barrel, with a potential peace deal between the U.S. and Iran helping calm global markets and prompting the removal of massive war risk premiums from energy valuations. However, oil prices edged higher on Monday, with Brent crude for August delivery climbing 0.74% to trade at $72.54/bbl at 9.25am ET, with escalating military tensions between the United States and Iran sparking fresh fears of shipping disruptions in the vital Strait of Hormuz. And now, ING Research…

Rate This Article

How useful was this post?

Click on a star to rate it!

Average rating / 5. Vote count:

No votes so far! Be the first to rate this post.

Comments