Martin Wiggen: Oil Markets Watching Risk of Escalation
NeutralFinancial Markets

Oil prices have dipped as traders are keeping an eye on the easing tensions in the Middle East and the increase in US oil inventories. Martin Wiggen, the Director at Svelland Capital, shared insights with Bloomberg about the ongoing situation, particularly the potential for escalation between Israel and Iran, despite a recent peace agreement in Gaza. This is significant as it highlights the delicate balance in the region and its impact on global oil markets.
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