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Market Impact: 0.42

Oil Headed For Second Weekly Rise On Supply Concerns

Energy Markets & PricesGeopolitics & War

Oil prices edged lower on Friday, but remained near one-month highs amid the ongoing standoff between Washington and Iran over control of the Strait of Hormuz. The geopolitical risk keeps crude supported despite the day’s slight decline.

Analysis

Oil prices edged lower on Friday, but remained near one-month highs amid the ongoing standoff between Washington and Iran over control of the Strait of Hormuz. The geopolitical risk keeps crude supported despite the day’s slight decline.

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Market Sentiment

Overall Sentiment

mildly negative

Sentiment Score

-0.08

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