A sea of red is washing over the energy complex as rising U.S. production coupled with a looming relaxation in OPEC-led cuts sends bulls scurrying for the exits. Stephen Brennock More Quotes by Stephen Brennock More Quotes From Stephen Brennock Only time will tell whether this turns out to be a case of wishful thinking, but one thing is clear: geopolitical risks are here to stay. Stephen Brennock business Oil prices are starting the week on the front foot in anticipation of reduced supplies from Iran after U.S. sanctions. Stephen Brennock company-news Uncertainties abound when it comes to the oil balance for the remainder of the year, competing supply-side developments ensure that the oil price roller-coaster remains in full swing. Stephen Brennock company-news Oil prices are touching fresh multi-year highs as robust demand prospects coupled with a tense geopolitical backdrop make for a potent bullish cocktail. Stephen Brennock company-news Oil prices should eventually resume their upward journey but it will be a subdued affair with the huge stock overhang tempering gains until the end of next year at the very least. Stephen Brennock energy
