Nervous oil: Five factors driving price swings

Oil prices have swung wildly in the past month ahead of the US sanctions against Iran taking effect. But what are the key factors driving the price swings and what comes next?

Just one month ago Brent crude hit a four-year high above $86 a barrel as traders worried that the forthcoming US sanctions on Iran would create a shortage of supplies.

Since then, however, prices have fallen 15 per cent as the market has reassessed the situation…

 

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