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Brent oil price

Can anyone explain to me why the oil price is currently running so contrary to market sentiment? $IOIL00 (-1.91%) is rising and rising.

I don't understand it somehow.

4 Comments

Waxman@Waxman

Iran

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Garfield@Bonus

@Waxman
I've saved your post and will read it all the way through when I have a bit more time.

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capital_captain_2693@capital_captain_2693

@Bonus But don't read too much at once, I would spread it out over a few days and keep reading a little at a time

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Nikos@Stryke

"Oil prices are rising sharply in US trading as reports of difficult talks between the US and Iran heighten geopolitical tensions. Market participants are keeping a close eye on the situation as possible military conflict could affect oil supplies."

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