The warning comes even though global oil prices are struggling to cap even $90. Indeed a price hiking black swan event like an Arab oil embargo appears highly unlikely.
Crude oil markets are testing the bottom of the overall consolidation area that we had been in previously, so it does suggest that buyers might step in.
Concerns over China's slowing oil demand grow as portfolio investors shift focus from Middle East to rising interest rates.
Oil prices rose in early Asian trade on Tuesday ahead of global central bank meetings and as tensions in the Middle East remained high.
Oil futures finished lower on Monday, with U.S. prices at their lowest in more than three weeks. While the ongoing conflict between Israel and Hamas “will keep traders on their toes, they are also w
The recent reports show that Israel has chosen a cautious approach instead of a full-scale ground operation against Hamas.

Analyst Sen Says Oil Prices to Be Range-Bound

10:15am, Monday, 30'th Oct 2023
Amrita Sen, Energy Aspects founder and director of research, says there isn't a lot of geopolitical premium in crude oil prices during an interview on "Bloomberg Surveillance."
A new report outlined how a major escalation of the conflict between Israel and Hamas could fuel a new bout of inflation.
Despite Middle East tensions, Brent and WTI crude futures dipped as investors focus on the Federal Reserve's policy meeting and China's PMI data.
Oil prices dipped after Israel sent ground forces into the Gaza Strip, opting for a cautious approach rather than a full-scale invasion.
Oil prices slipped $1 a barrel on Monday as investors adopted caution ahead of the Fed policy meeting and China's manufacturing data later this week, offsetting support from geopolitical tensions in t
Oil futures dropped Sunday night as markets saw a calm opening following Israel's launch of a ground offensive in Gaza that drew implied threats from Iran amid market fears of a wider conflict that co
Oil futures finished higher on Friday finding support as the Israeli army's ground forces expanded their activity in the Gaza Strip, according to CNBC. However, prices still ended lower than a week ag
Crude oil markets have gone back and forth during the trading session on Friday as we continue to consolidate between 2 major moving averages in both grades that I follow.
Helima Croft, Global Head of Commodity Strategy at RBC Capital Markets, discusses the U.S. attack on Syria and what it means for the global economy.
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