Oil: Rising prices with Middle East risk – Rabobank
Rabobank’s Senior Macro Strategist Bas van Geffen notes that concerns over the Middle East and the closure of the Strait of Hormuz have pushed Oil prices higher, with Dated Brent moving above $111.
Given the geopolitical tensions and rising prices, it is likely that oil prices will continue to increase in the short term. Traders may react by pushing prices higher as concerns persist.
Rabobank’s Senior Macro Strategist Bas van Geffen notes that concerns over the Middle East and the closure of the Strait of Hormuz have pushed Oil prices higher, with Dated Brent moving above $111.
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