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Via this channel, geopolitical uncertainty ultimately dampens global oil demand and oil prices. Second, geopolitical tensions may pose risks to future oil supply, increasing the cash value of holding oil contracts – also known as the convenience yield – thereby putting upward pressure on prices.
Jul 3, 2024 · Crude Oil Market: Key Drivers Behind This Week's Price Surge. Light crude oil futures have climbed 2.12% this week, driven by a mix of bullish factors. Geopolitical tensions in the Middle...
May 13, 2022 · Between February 22 and March 8, Brent crude oil spot prices rose as high as $133.89 per barrel, their highest levels since 2014 and an increase of $37.20 per barrel, per Bloomberg – the largest two-week price increase on record since 1990.
Jan 2, 2024 · As a significant energy importer in Europe, the Russia–Ukraine war substantially impacts Europe, increasing Brent crude oil prices by $41.40. Additionally, the war caused the price difference...
Mar 25, 2024 · Oil prices rose in early Asian trading on Monday on concern over tighter global supply brought about by escalating conflict in the Middle East and between Russia and Ukraine, while a...
Jan 1, 2024 · We assess the effect of US–China political relationships and geopolitical risks on oil prices. • Improved US–China relationships and higher geopolitical risks drive up the price of oil. • Political tensions and geopolitical risks are complementary causal drivers of oil prices.
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Jan 26, 2024 · Geopolitical Risk and Economic Optimism Push Oil Prices Higher. Middle East Tensions Escalate. Oil markets witnessed a significant surge this week, with WTI crude oil climbing 5.26%,...
