Oil Prices Under Pressure Despite Continued Geopolitical Uncertainty

Oil prices are under pressure from continued demand concerns but geopolitical risks and the recent rally from last week's crash means Brent is still sitting comfortably above the psychologically-important $80 mark.- Ukraine’s incursion into Russian territory, occupying parts of the Kursk region in and around the key pipeline station in Sudzha, have sent European natural gas prices soaring to their highest this year to date.- Whilst pipeline flows to Europe via Ukraine continue largely uninterrupted, fears of a potential cut-off lifted TTF…