The oil market sits on tenterhooks here, caught in resounding influences that will only end up with those that take risk caught in an eddy of mixed signals.
It seems that world’s slight sigh of relief yesterday will once again turn into a deep intake of breath as in defiance of global opinion, and not to say the small matter of relations with the US, Israel’s Premier, Benjamin Netanyahu spoke on an ‘unspecified date’ on which Israel forces will invade Rafah, Gaza.
Last week was certainly one for the bulls, and with an eye on any sort of escalation from geopolitical clashes over the weekend, Friday added to the already hot temperatures of oil prices allowing both M1 WTI and Brent to achieve 6-month high levels.
Copyright © 2026 TP ICAP