October 6, 2018

Oil prices hit 4-year high on geopolitical uncertainty

Crude oil prices are peaking again with geopolitical uncertainty at the epicentre of future expectations.

Crude oil prices have been rising in recent times with continued geopolitical uncertainty the main culprit to blame.

Both WTI and Brent crude prices reached 4-year highs this week despite an 8-million-barrel increase in US stockpiles and set against a backdrop of continually stronger US oil production over the past decade, otherwise known as the ‘shale boom’.

Written by George Tchetvertakov
Published by Small Caps