Geopolitical tension presents upside risk for oil prices.

How long have we had this story warmed up to infinity? Just 3 years ago anyone imagining that Russia would invade Ukraine while there would be the worst terror attack in Israel’s history leading to massive wars in Gaza, Lebanon and a distance engagement with Syria, Iraq, Yemen and Iran, while tensions in Korea reach the boiling point and China cranks up the heat on Taiwan would have been sent to the asylum. The mere thought of such an impossible scenario would have catapulted oil price predictions towards USD 300.- Now the crazy scenario is real and where is the oil price? But many still listen to those predictions. 

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