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Oil Prices Still Have Strong Tailwinds

There has been plenty of good news for oil bulls in recent weeks, and Martin Newson, CEO and CIO at Optimus Capital, issued his thoughts on the prospects for Oil prices maintaining their rise. He said: “Brent Crude Oil climbed through $80 after concerns over supply and demand dynamics continue to act as a tailwind for the commodity. As of mid-day today, Brent oil has risen 1.9% week-to-date. The fall-out from the US’ decision to withdraw from the Iran nuclear accord continued. Whilst France remains committed to the accord, Total, the largest oil and gas company in France, announced it would cease...