Daily Oil Fundamentals
Crude Oil Prices Refuse to Blink
17 Jul 2026Crude Oil Prices Refuse to Blink
It must be said that there is a lack of urgency in oil circles at present. There have been some quite significant developments without which the experience of the last few months would have crude prices harrying triple digits. ‘Once bitten, twice shy’, as the old adage goes, and because oil supply has shown great resilience in finding its way to places that need it, and the ability for this conflict to be put back into a bottle at moment’s notice, what appears to be escalation, and the threat for more, is falling upon a stoic oil audience.
