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Oil prices rose only modestly after Iran seized a British tanker, suggesting Mideast tensions now have less influence on crude than before. Analysts point to surging US production and weak global demand as the main drivers.
Reduced sensitivity to geopolitical risk means crude is likely to be driven by US supply and demand, keeping energy-linked input costs more predictable.
cnbc.comPatti DommJul 22, 2019Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
