A combination of geopolitical uncertainty and production shortages have pushed oil prices higher this week, with both Brent and WTI having broken $80 on Friday, although WTI has since fallen back.Friday, January 7th, 2022Oil prices are gearing up for their largest weekly gain in three weeks after protests across Kazakhstan highlighted the fragility of crude supply.
Whilst the immediate impact of riots has been difficult to gauge so far, the uncertainty helped push Brent quotes well above the 80 per barrel mark. Considering that Libya is unlikely…Geopolitics And Production Problems Push Oil Prices Higher
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