Crude Oil Prices Up After Geopolitical Issue Eases

The oil prices were bullish in the market as geopolitical tensions in the Middle East dies down. The commodity’s prices managed to hit another milestone despite the astonishing performance of the dollar in the market.

The commodity continues to push great performance in the market on multiple factors. The great oil inventories reports and the OPEC agreement to extend the output cut have managed to put the prices on its best figures ones again.

Furthermore, the recent decision from the Trump administration was the last greatest factor that managed to buoy the oil prices in the market. The administration recently announced their plan to revokes the nuclear deal with Iran, easing some of the geopolitical tension and debacle in the Middle East.
source/more at: https://www.investing.com/analysis/crude-oil-prices-up-after-geopolitical-issue-eases-200315883

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