Oil prices (BZ=F, CL=F) move a notch higher Monday ahead of the July Fourth weekend and the broader summer driving season. Could geopolitical tensions in the...
) move a notch higher Monday ahead of the July Fourth weekend and the broader summer driving season. Could geopolitical tensions in the Middle East and seasonal factors push crude oil even higher?communicates oil market concerns around potential escalations in these Middle East conflicts and how OPEC + can continue to constrain supply.
But the initial announcement from OPEC Plus was reacted quite bearishly with the oil market as they saw more supply coming on to the market sooner than expected.Because there are many who come on our show to argue that the president will do whatever he can to keep the price of oil down heading into November 5th.
You also have the tensions in the Middle East, which of those seems to be the biggest geopolitical risk in terms of the potential impact on crude moving forward here. We just saw that China PM I was down to 49.5 last month which is the lowest it had been in the last five months.And who is the Lipo Oil Associates President Andy?Lara Trump’s Latest Donald Trump Claim Receives Easiest Fact Check Of All TimeOpinion: What Trump said during the debate that has many Black Americans and Palestinians outraged
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