Daily Oil Fundamentals
Peace and Chaos
27 Nov 2024Peace and Chaos
Yesterday’s broadly unchanged settlement prices hide an eventful day, volatile price action with Brent moving in a range of $2.27/bbl. It is reasonable to assume that it was a day of assessing the potential impacts of recent events, namely the ceasefire between Israel and Hezbollah and Donald Trump’s latest salvo of threatening its closest trading partners with new tariffs.