Reported 3 months ago
Global tensions have influenced crude oil prices, prompting investors to monitor the effects of geopolitical events on the market. Analyst Bob Iaccino from Path Trading Partners suggests there could be 'an August surprise' from OPEC+ regarding production cuts, largely influenced by reduced demand traced back to weakness in China. He emphasizes that if one believes the economy isn't slowing as significantly as perceived, then energy could be a strong sector to watch during periods of reflation.
Source: YAHOO