| The impact of tensions in the Middle East and Eastern Europe on future oil production and OPEC’s ability to step in and manage the market are two major reasons why the oil price is nearing its floor, according to Lombard Odier’s Pascal Menges.
Geo-political risk has been one of the most used phrases in financial markets over recent months as ongoing tensions between Russia and Ukraine and the escalating conflict in Iraq have been seen by many as reasons to take a cautious stance in their portfolios. However, despite those potentially catastrophic macroeconomic headwinds, out-and-out safe havens such as gold bullion and crude oil have failed to spike...............................................Full Article: Source |