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A CSIS commentary says oil markets are volatile, shifting between concerns about US supply growth and worries about tighter supply from sanctions and outages. It cites Bab el-Mandeb disruptions, Iranian military exercises, the Iran Action Group, and a strategic reserve sale.
The authors describe the market as sensitive to the next data release.
Crude price direction remains uncertain, which makes diesel and biofuel costs harder to plan around for feed buyers. Sanctions and supply disruptions are the main upside risks.
csis.orgFrank A. Verrastro, Larry Goldstein, Albert HelmigAug 29, 2018Not 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.
