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The Commodities Feed: Uncertainty lingers
There is still plenty of uncertainty across markets following the attacks in Israel over the weekend. For oil, we would likely need to see confirmation of Iran’s involvement in order to give the market another significant push higher. Energy - supply risks linger The oil market managed to hold onto gains yesterday after opening higher following the terrible events that took place in Israel over the weekend. ICE Brent settled 4.22% higher on the day, taking it back above US$88/bbl. It is still very early days and there are multiple ways in which the situation could play out. For now, oil markets are pricing in a ... (full story)