A geopolitical fear bid in the oil market
A geopolitical fear bid in the oil market: Sevens Report Co-Editor, Tyler Richey, Quoted in Morningstar
Oil prices lifted as data shows drop in U.S. crude inventories
Oil has “benefited from some of the risk-on money flows in other asset classes, most notably stocks, as well as still-elevated tensions between Israel and regional enemies Hamas and Hezbollah, keeping a geopolitical fear bid in the market,” wrote analysts at Sevens Report Research in a note.
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