The main reason the geopolitical tensions have not had a more pronounced impact on the global energy markets
The main reason the geopolitical tensions have not had a more impact on global energy markets: Sevens Report Co-Editor, Tyler Richey, Quoted in Morningstar
Oil prices see 4th straight weekly decline on worries over demand
The main reason the geopolitical tensions have not had a more pronounced impact on the global energy markets since tensions in the Middle East first picked up last fall is that there has not been a meaningful impact on global supply, said Tyler Richey, co-editor of Sevens Report Research.
“And demand risks related to a looming recession are much more significant than the threat to supply that the current geopolitical landscape presents which leaves the fundamental scales tipped in favor of the bears right now,” he said.
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