Risk premium returns to oil over Iraq fighting, rising US-Iran tensions
Oil tanker is seen at sunset anchored off the Fos-Lavera oil hub near Marseille, France, October 5, 2017. REUTERS/Jean-Paul Pelissier/File Photo/ SINGAPORE (Reuters) - A risk premium has returned to oil markets, boosting global prices as escalating fighting in Iraq threatens supplies while political tensions loom between the United States and Iran. After months of range-bound trading during which OPEC-led supply cuts supported crude prices but rising U.S. output capped markets, prices have moved up significantly this month just as demand ...
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