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Geopolitical Risk Supports Gains in Oil Futures
Barrons·2025-10-09 03:20

Oil futures rise with WTI extending its winning streak to four sessions, and Brent rising for the third time in four sessions.Geopolitical risk premium, particularly with Ukrainian strikes on Russian refineries, has countered concerns about oversupply in the market."So far, the talk of an oil glut is not showing up in the numbers," Phil Flynn of the Price Futures Group says in a note. "We have signs that OPEC might be getting close to being tapped out against a backdrop of ongoing risk to supply as the Russ ...