Oil Markets on Edge After a Volatile Week

Oil markets are on edge at the end of what has been a very volatile week for both Brent and WTI. Recent reports of an Iranian retaliation to Israel's latest strike have pushed oil prices higher but demand concerns are capping any gains.Friday, November 1st, 2024No sooner had OPEC+ depressed market sentiment by admitting a potential rollover of its cuts into 2025, Iran reemerged as the main talking point of the markets. Having downplayed the Israeli retaliatory strike, the oil markets are now anticipating an Iranian attack on Israel, using…