Geopolitics Still a Key Factor for Oil Markets
Phillip Nova said there appears to be profit-taking after oil prices surged last week and markets will likely experience a boost on concerns about an Israeli retaliation against Iran, though prices should remain capped while traders wait for signs of a global economic recovery after China’s announced support measures.
Phillip Nova said there appears to be profit-taking after oil prices surged last week and markets will likely experience a boost on concerns about an Israeli retaliation against Iran, though prices should remain capped while traders wait for signs of a global economic recovery after China’s announced support measures.
