Investors Rotate Into Mid-Cap Energy Names as Big Oil Stalls ...Middle East

OILPRICE - Economy
Investors Rotate Into Mid-Cap Energy Names as Big Oil Stalls
Oil prices pulled back sharply for the second day running on Tuesday after U.S. President Trump signaled that the Middle East war is nearing a conclusion, easing fears of prolonged supply disruption, especially at the Strait of Hormuz–even if Iran doesn’t seem to agree and statements coming out of the White House are infused with contradictions. The potential de-escalation effectively reduces the "geopolitical risk premium" that had previously driven prices towards $120 a barrel. Brent crude for April delivery dropped over 10% on Tuesday…

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