Bloomberg Surveillance · Tuesday, July 7, 2026
The recent retreat in oil prices from over $100 to around $70 is a significant positive for financial markets and the global economy, according to Juniper. Historically, a similar drop in oil prices has led to an average market gain of 17% in the following twelve months.
“On top of that, you have the headwind of higher oil prices now put to the side, right because oil prices have made a round trip back to where they were before the start of the Iran war.”
“The retreat back to seventy dollars in below is almost one of the fastest spike on wines on record, and it's absolutely unequivocally positive.”
“The market average is seventeen percent gains in the twelve months following that return to earth of the oil got here, it's.”