Crude oil comment: A price rise driven by fundamentals

Brent crude prices have maintained their upward momentum, rebounding from last week’s low of USD 70.

7 per barrel, spurred by relief over limited Israeli retaliation toward Iran, which left energy infrastructure (both oil and nuclear) undamaged. Since that point, as projected, prices have risen by USD 4.

6 per barrel in just seven days.

This momentum.