Economic expert Jamal Ajaj confirmed that global oil markets are experiencing relative stability in prices recently, predicting that the price per barrel will remain below $70 in the near term. This is due to reduced global demand, particularly from China, alongside continued high production levels worldwide. Ajaj explained during an episode of the program “Numbers and Markets” on Azhari TV that the global energy market is in a fragile balance between supply and demand, with a slight tendency toward excess supply, which pressures prices and limits their potential rise. He added that this situation reflects real challenges for producing countries striving to stabilize prices amid international economic shifts, including slower growth in major economies. In cryptocurrency news, Ajaj noted that Bitcoin recently neared $110,000, driven by strong global buying waves. Despite this notable performance, he warned of sharp volatility in the crypto market, suggesting these gains may not be sustainable, especially given insufficient regulatory frameworks in many countries.
— new from (الجمهور الإخباري)
