Uncertainty set to keep oil prices high

摘要

THE price of oil is up by almost 40% this year, despite fears of a global economic slowdown and the trade war between the US and China. It is not hard to find the reasons why crude is soaring, given there are supply disruptions in Venezuela and Libya. Then there is Iran. Geopolitical risk has intensified as the White House has tightened sanctions on Tehran's oil exports and upped the rhetoric.