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geopolitical tensions drive crude oil prices higher amid market volatility

Geopolitical tensions have ignited the energy market, with Brent crude oil surpassing $80 a barrel amid fears of potential strikes on Iran's oil infrastructure. Oil traders have shifted to a bullish stance, while concerns linger over China's declining demand, which has contracted by 1.7% year-on-year. In the Australian market, Santos shares are under scrutiny despite a recent upgrade to a BUY, while Woodside Energy shows a strong near-term rally but faces mixed recommendations from analysts.
IG
United States Dollar The Goldman Sachs Group, Inc. Macquarie Group Limited Woodside Energy Group Ltd Citigroup Inc. Santos Limited LBY SAU ISR CHN IRN Juliette Saly Shane Oliver Louise Bedford Citi group Joe Biden Show more
TradFi, Market Report
05:49 09.10.2024
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