Geopolitical Tension Is Taking Oil Prices To Levels Not Seen Since 2014

The global market is impacted by instability in countries like Iran, Nigeria, and Venezuela.

By Alexandra HartJanuary 22, 2018 1:28 pm

The last couple of times you went to the pump you might have noticed that prices are sneaking a little higher. It’s not your imagination – against seasonal trends, prices are indeed ticking upward as we start this year. Commodity prices have jumped to levels not seen since the bottom fell out of the market in 2014. What’s going on?

Energy insider Matt Smith, who is director of commodity research at ClipperData, explains why this year is in complete contrast to where the oil markets were this time last year.

What you’ll hear in this segment:

-Why 2018 may be a happy year for energy traders

-The two main factors that are causing the boost in oil prices

-How geopolitical tensions rising up around the globe have a profound impact on the energy market

Written by Cesar Edmund Lopez-Linares.