Brent crude has risen again to the $70 per barrel mark, hitting a six-and-a-half month high and catching markets off guard. The rally comes despite earlier concerns about a supply glut, as escalating geopolitical tensions have injected a new “war premium” into global oil prices.Australia-Trading.com CEO Peter McGuire says the sharp recovery has surprised many […]
Peter McGuire, CEO, Australia-Trading.comWTI crude oil says nearly $ 60, while Brent is in the middle of $ 60s, influenced by expectations of an oil slick at the start of Q4, which may reduce inflation and consumer expenditure can be increased. At the same time there is a considerable shift in purchases of crude oil, […]