Oil prices on a rollercoaster ride

About this episode

The episode discusses the fluctuations in oil prices and the implications of geopolitical events on the market.

The price of Brent crude hit a four year high on Thursday before falling back. Markets were reacting to comments from President Trump about maintaining Strait of Hormuz blockade. Gulf oil producers are running out of storage space for oil production, as exports remain restricted. And Saudi Arabia is pulling its funding of the LIV golf tour, after investing around six billion dollars since 2021.

Topics covered

• oil prices
• market reactions
• Gulf oil producers
• Saudi Arabia
• LIV golf tour
• Strait of Hormuz

Keywords

• oil prices
• Brent crude
• President Trump
• Gulf oil producers
• Saudi Arabia
• LIV golf tour

Mentioned in this episode

Organizations: Saudi Arabia, LIV golf tour

Products: Brent crude

Places: Strait of Hormuz

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