Risk premium returns to oil over Iraq fighting, Iran tensions
After months of range-bound trading, prices have moved up significantly/ A risk premium has returned to oil markets, boosting global prices as escalating fighting in Iraq threatens supplies and political tensions loom between the United States and Iran. After months of range-bound trading during which OPEC-led supply cuts supported crude prices but rising US output capped markets, prices have moved up significantly this month just as demand looks stronger than at any point in recent months, especially in China./ Must-reads from across Asia ...
Click
To Read Full Article