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Geopolitics and Crude: Why WTI Pulled Back Despite Escalating Middle East Risks - ActionForex
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Geopolitics and Crude: Why WTI Pulled Back Despite Escalating Middle East Risks - ActionForex
WTI crude oil pulled back from $75/barrel highs, with markets seemingly content that the geopolitical risk premium is priced in. The Middle East conflict has surged natural gas prices (due to the Qatar LNG halt), boosted shipping/energy stocks, but weighed on airline stocks. Key WTI technical levels to watch are resistance at $71.38 and support […] The post Geopolitics and Crude: Why WTI Pulled Back Despite Escalating Middle East Risks appeared …
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