COMPANY COMMENT
Muted oil price reaction shows how things have changed
No single event — ominous as it might be — is enough to scare the modern-day trader into a buying frenzy
07 January 2020 - 16:57
It’s not all that long ago that warring talk between nations such as the US and Iran would have caused oil prices to rocket.
But this week — even as the US assassinated a top Iranian general, which prompted threats of retaliation and saw the Middle Eastern nation renege on its nuclear deal — Brent crude rose above the $70 a barrel only briefly before moving back towards $68 on Tuesday...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.