Since recovering earlier this year, oil prices have vacillated between $50 and $65. Concerns over supply from Iran and Venezuela have turned to concerns over demand from threats of further trade disruptions and slower global economic growth.
However, earlier this month, Iran shot down a U.S. drone and crudes price jumped as tensions have increased and reinjected a “Middle East” risk premium. We have maintained that as an investor in energy and oil-related equities, you have to be a geologist, an economist and a geopolitical expert. Read more…
