Oil Prices Remain Under Pressure Despite Geopolitical Risk

Oil prices remain under pressure despite the recent developments in Syria, with oil market fundamentals countering geopolitical uncertainty.- Expectations for a weaker dollar in 2025-2026 are being gradually reconsidered as Donald Trump’s re-election and the prospect of stronger-than-expected US economic performance improved the outlook of the greenback.- Institutional investors have halved their net short dollar positions to just 2 billion in the week to December 3, the least in more than seven years, according to data aggregated by the…