# Oil prices no longer as dependent on Mideast tensions

> 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.

- Date: 2019-07-22 · published 2019-07-22T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/58263-oil-prices-no-longer-as-dependent-on-mideast-tensions
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Reduced sensitivity to geopolitical risk means crude is likely to be driven by US supply and demand, keeping energy-linked input costs more predictable.

## Read by commodity

- WTI: neutral
- BRENT: neutral

## Sources

- cnbc.com: https://www.cnbc.com/2019/07/22/oil-prices-no-longer-as-dependent-on-mideast-tensions.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.