Oil Markets Await a Shift in Sentiment ...Middle East

OILPRICE - Economy
Oil Markets Await a Shift in Sentiment
source : OILPRICE ( Middle East ) () 56
Despite multiple bullish catalysts, oil prices remained stubbornly rangebound at the start of this week, with markets awaiting a notable shift in sentiment. - US gasoline futures have jumped sharply in the past two weeks, up more than 20% since the beginning of the year, as Red Sea disruptions, refinery force majeure events, and resurgent demand put the heat on fuel prices.- With US gasoline prices now 60% higher than at the time of the 2020 presidential election, the Biden administration will be looking warily at RBOB front-month futures…

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