The Commodities Feed: Supply risks subside for now | articles

The oil market came under significant pressure yesterday as the market digested Israel’s long-awaited response to Iran’s recent missile attack. ICE Brent settled more than 6% lower on the day leaving it at just below $72/bbl. As we mentioned yesterday, the targeted response from Israel does leave the door open for de-escalation, which would allow fundamentals once again to be the dominant driver for the market. And fundamentals are expected to be bearish through 2025. Given the geopolitical..