Saudi Arabia Becomes the Oil Market’s Biggest Wild Card

Houthi attacks threaten Saudi oil infrastructure and Gulf shipping as Brent hovers near $105 per barrel. Trump’s Fuel-Price Problem Is Becoming a Political One - The Trump administration’s Russia diesel deal has failed to bring about substantial change in US fuel prices, triggering a 3-4% decline in heating oil futures, raising the risks of a midterm election debacle for the White House. - Whilst neither diesel nor heating oil have surpassed the levels seen in October 2022 (the month before President Biden’s mid-term elections)…
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