Oil Flat; Geopolitical Tensions Support
Portfolio Pulse from
Oil prices remained flat in early Asian trading, supported by ongoing geopolitical tensions, according to ANZ research analysts.
November 25, 2024 | 1:00 am
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POSITIVE IMPACT
The United States Brent Oil Fund (BNO) may see stable or slightly positive movement due to geopolitical tensions supporting oil prices.
BNO, an ETF that tracks Brent oil prices, is likely to be impacted by the stability in oil prices due to geopolitical tensions. This support could lead to stable or slightly positive price movements for BNO.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80