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Crude oil comment: Recent ’geopolitical relief’ seems premature

Nyhet från Råvarumarknaden

Publicerad: 31 Oct 2024 09:54

Brent crude oil prices have rebounded from a low of USD 70.

7 per barrel on Tuesday to USD 72. 7 per barrel currently.

Since Friday, the market experienced a significant nosedive, with prices collapsing by almost USD 6 per barrel.

This drop was triggered by the long-awaited Israeli attack on Iran, which was milder than anticipated.

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Crude oil comment: Recent ’geopolitical relief’ seems premature

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