With lingering concerns over Iran, Nigeria ... the market is correcting upwards because it is focusing on fears in the geo- political realm.
Geopolitics is behind the surge in oil pricing... The Nigerian unrest has caused a disruption in supply.
Geo-politics is behind the surge in oil pricing... The Nigerian unrest has caused a disruption in supply.
Nigeria and Iran are the main driving concerns.
The geopolitical drama over Iran and Nigeria is sending oil prices upwards. But Nigeria is more problematic in the short term, because it has actually disrupted supply.
The geopolitical drama over Iran and Nigeria is sending oil prices upwards.