Oil was on the rise as the new week kicked off following escalating tensions in the middle east and on growing optimism over US – Sino trade negotiations. However, gains could be limited following a dismal OPEC demand outlook report. Boosting the price oil: • A drone attack by Yemeni separatists on a Saudi Arabian oil field over the weekend stoked fears that geopolitical tensions were on the rise again in the region. Whilst oil production has not been affected this time, a risk premium is being priced in. This risk premium could prove to be relatively short lived given there was no apparent supply disruption. Iran ... (full story)