PRESS ROOM
Tanking oil prices belie geopolitical risks
Tuesday 04th June '19
Brent oil fell more than 12% last week, reacting to trade-protection related fears. The market appears to have ignored the fact that oil supply is still very tight and risks tightening further. The Saudi Arabian-led emergency security meeting over the weekend should be raising the geopolitical premium in oil, yet with the headlines being supressed to back-pages, the precarious situation in the Middle East appears to be flying under the radar. Oil could stage a substantial rebound in the near future.