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The story defining Oil’s explosive appreciation over the past two days revolves around escalating tensions in the Middle East.,WTI Crude and Brent have both gained over 4% since last Friday as the US-Iran faceoff sparked fears over negative supply shocks in the markets. Given how the Middle East is home to major oil-producing countries that supply roughly 25% of the world’s oil, the path of least resistance for Oil points north.However, geopolitical tensions may not be enough to sustain oil prices in the medium to longer term. The upside is poised to face multiple obstacles in the... Read More
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