Oil starts 2020 higher on trade optimism, Mideast tensions 0 SHARES Share it! “Nevertheless, heightened tensions in the region involving Iranian-backed forces may introduce a certain geopolitical risk,” they added. Oil was also boosted by optimism that trade talks between the world’s two largest economies will support demand. “We may need to see that economic optimism turn into better data before we see more substantial gains,” analysts at OANDA said. Official data from the Energy Information Administration (EIA) is due on Friday having been delayed by two days by the New Year’s holiday.

Source: Manila Bulletin January 02, 2020 10:07 UTC