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Home›Forex›Major Pairs›Oil: Geopolitics drive price swings – Rabobank

Oil: Geopolitics drive price swings – Rabobank

Reported · Written up by our desk · Major Pairs

Rabobank’s Global Daily notes Oil prices surged as reports of attacks on shipping in the Strait of Hormuz hit sentiment, before easing after President Trump waived Graham Act sanctions and tariffs on Russian energy. The analysts highlight that potential future sanctions on major buyers of Russian crude and gas could significantly disrupt trade and keep Oil volatility elevated.

Latest closeWTI crude $91.10 ▲3.2%

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Sources

FXStreetOil: Geopolitics drive price swings – Rabobank

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