There is a breathlessness to news and market drivers at present, and it is hard to keep up. Be it the daily swing in trade relations between the United States and China which started off at the weekend ugly, turned conciliatory Monday and back to ugly again yesterday.
After a hectic few days, it appears that investors are still assessing and reassessing the potential consequences of the Middle East peace process, the ongoing attacks on Ukrainian and Russian oil installations, and the possibility of reigniting the trade war between the world’s two economic behemoths.
Last week turned out to be a rather shabby performance from oil prices which after attempting to resurrect something of a fight back after OPEC deemed the market a little too fragile to accept an oversized acceleration of oil supply, the latter part of the week once again saw geopolitics have its wicked way with proceedings leading to WTI and Brent being sent to lows not seen since the 8th of May.
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