With the dust having settled on the latest geopolitical flare up in the Middle East, global oil prices have largely stayed where they were prior to it. Here s why.
The recent attack resulting in the deaths of three U.S. service personnel might be a black swan event destined to elevate geopolitical risk premium and hike oil prices.
Oil futures fell after price cuts by Saudi Arabia, especially for exports to Asia where it s facing competition from U.S. producers. Here s what it means for the market.
In the end nothing seems to have impressed the oil market bulls as crude oil trading in 2023 reached its conclusion, with both Brent and WTI ending the year lower.
Crude producers group OPEC takes another swipe at oil market speculators and dismisses demand concerns. However, the direction of the global economy is far from clear.