Daily Oil Fundamentals
Fresh Hopes or Old Tricks?
20 Nov 2025Fresh Hopes or Old Tricks?
It was a paradoxical, almost cynical day. The axiom holds that the Russian-Ukrainian war is directly and indirectly to blame for the oil complex's resilience. Reciprocal attacks and Western sanctions do more than just raise the geopolitical risk premium; they create a physical oil shortage, leaving consumers scrambling for alternatives.