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MARKET WATCH: Brent climbs above $68/bbl, NYMEX crude tops $63/bbl
Oil & Gas Journal: Oil prices rose by more than $1/bbl on both New York and London markets on Apr. 9, and analysts attributed the rally to fears about trade wars and to favorable crude market fundamentals.
“Hawkish appointments to lead the US National Security Council and State Department indicate a potential hardline shift in US foreign policy disposition toward large producing states like Iran and Venezuela,” said Rory Johnson, Scotiabank economics analyst, in an Apr. 9 research note.
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