Geopolitical Uncertainty Is Pushing Oil Prices Higher

Oil prices are set to post a weekly gain as geopolitical uncertainty remains a central focus of oil traders, but a strong dollar and a large U.S. inventory build are holding Brent and WTI back.Friday, October 25th, 2024The elevation of the Israel-Iran conflict into the main oil market narrative for October is by no means over, the closer we get to the US presidential elections the wilder speculation will get regarding future escalation scenarios. At the same time, Brent and WTI will only post minor week-over-week increases, trending around…