Deep Tide TechFlow News, May 05 — Due to the market awaiting clarity on the reopening prospects of the Strait of Hormuz, crude oil futures prices continue to show a tug-of-war trend. Analyst Nikos Chaburas stated in a report that recent outbreaks of hostilities could undermine the ceasefire agreement, thereby maintaining the risk premium. He added that as the conflict persists, crude oil prices are still expected to reach new highs, but long-term energy shocks have increased the risk of demand destruction, "ultimately potentially undermining the upward momentum of crude oil." (Jin10)

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