Jet fuel prices in the United States, particularly in the Gulf Coast and New York, have risen to levels comparable to the start of the US-Iran conflict. By mid-September, the spot price for kerosene-type jet fuel on the Gulf Coast reached $4.705 per gallon, increasing from $4.341 earlier in the month.
Market forecasts for crude oil prices show a 0.5% probability of reaching new all-time highs by September 30. However, the likelihood of hitting a new record by December 31 is estimated at 12%, reflecting expectations of potential market catalysts emerging later in the year.
Investors are tracking geopolitical developments and potential changes in OPEC production strategies. Key figures influencing these dynamics include OPEC Secretary General Mohammad Sanusi Barkindo and Saudi Minister of Energy Abdulaziz bin Salman Al Saud, alongside shifts in global demand and supply.
