In today’s briefing:
- Overview #43 – The Gift that Keeps on Giving
- Oil futures: Crude flat amid surplus fears, geopolitical uncertainty
Overview #43 – The Gift that Keeps on Giving
- A review of recent events and data impacting our investment themes and outlook
- Central banks add fuel to the ongoing commodity bull market
- Could we see a meaningful de-escalation in US and China tensions
Oil futures: Crude flat amid surplus fears, geopolitical uncertainty
- Crude oil futures were little moved Friday but still on track for a second weekly decline, as sentiment swayed between geopolitics and supply surplus.
- Front-month Feb26 ICE Brent futures were trading at $61.09/b (2028 GMT) versus Thursday’s settle of $61.28/b, while Jan26 NYMEX WTI was at $57.39/b against a previous close of $57.60/b.
- This week’s seizure of a tanker that Washington said is linked to illicit shipments of both Venezuelan and Iranian oil has raised tensions in the region, potentially threatening future exports, while analysts were monitoring any potential retaliation from Iran.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Data and News
- ✓ Events & Webinars
