Brent Crude Volatility Increases: Supply Surplus Concerns and Geopolitical Risks Coexist
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- 1The IEA said the oil market will enter a state of surplus this quarter for the first time since the start of the war.
- 2Verisk Maplecroft reported that 36 confirmed attacks on commercial vessels occurred in October.
- 3Sid Perkins said there is reason to re-incorporate a geopolitical risk premium into the crude oil market.
So what's the key point?
The IEA said the oil market will enter a state of surplus this quarter for the first time since the start of the war.
Source Investing.com · View original ↗
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