The Commodities Feed: Mixed US-Iran messages leave oil seesawing
From the original
https://think.ing.com/articles/the-commodities-feed-mixed-messages-leaves-oil-see-sawing020626/
Related speeches
4 itemsThe Commodities Feed: Mixed US-Iran messages leave oil seesawing
The Commodities Feed: Mixed US-Iran messages leave oil seesawing
The Commodities Feed: Oil rallies with US-Iran deadlock
The desk argues that oil's rally on US-Iran deadlock has limited FX spillover but supports commodity currencies. The source notes geopolitical premium is driving crude, yet no explicit FX pair is cited. Consensus sees CAD and NOK benefiting marginally, but the lack of a direct currency call leaves positioning neutral. No high-impact events loom in the next 30 days for oil-linked FX.
The Commodities Feed: Lingering Iran uncertainty has oil prices oscillating
Oil prices are currently experiencing volatility primarily due to ongoing uncertainties surrounding Iran's geopolitical situation and its impact on global supply chains. Per the full note by ING Economics, these fluctuations indicate traders are reacting to potential disruptions and adjustments in oil production. Despite these oscillations, it is evident that market participants are cautious about making substantial bets, given the unpredictable nature of these developments and the lack of significant news on other fronts.