Bullish Catalysts Build in Oil Markets But Prices Remain Rangebound

It's been a relatively calm week for oil prices despite plenty of developments on both the geopolitical and fundamental front, but prices might just begin to climb next week. Thanksgiving has disrupted a highly eventful week that saw OPEC+ ramp up its shuttle diplomacy as the oil group postponed its December 1 meeting. Despite that move, ICE Brent settlements moved in a very narrow bandwidth of less than $1 per barrel all week, between $72 and $73 per barrel. As the Russia-Ukraine war intensifies and Iran comes to the forefront of Trump’s…