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Oil market risks in the spotlight

Oil prices rise on increased tensions in the Middle East
08 January 2020
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    Key takeaways:

    • Oil prices have risen due to increased tensions in the Middle East; however, prices are still within the range occupied in 2019 and the latest move should have limited impact on global growth
    • Looking ahead, fears of a further escalation in US-Iran tensions are likely to keep prices supported, although global oil market dynamics can act as a buffer to any potential short-term supply disruptions

     


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