Intraday volatility was rather high in the oil market on Wednesday following rumours of Iran shooting one of the US forces in Iraq and the acceleration of tensions between the UK and Iran concerning the capture of UK naval personnel.
Market players are keeping a nervous eye on the situation reacting to the slightest piece of information. “The market is very sensitive and the Iran situation is keeping it on its toes,” Fridtjof Hannevig at Norwegian Oil Trading told Montel Powernews. Hannevig added that the decline in storage levels combined with the geopolitical uncertainty in the Middle East continued to
Donnerstag, 29.03.2007, 08:24 Uhr
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