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BUNKER INDEX :: Price Index, News and Directory Information for the Marine Fuel Industry
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Geopolitics and easing trade war fears support prices

By A/S Global Risk Management.



Michael Poulson, Oil Risk Manager at A/S Global Risk Management. Image credit: A/S Global Risk Management


Updated on 10 Apr 2018 09:02 GMT

The market took comfort in comments from the Trump administration officials who stressed the trade dispute with China could be resolved through talk. But stocks pared much of their gains late in the session after a report that the Federal Bureau of Investigation raided the office of President Donald Trump's lawyer.

Geopolitical risk premium is heavily increasing. U.S. President Donald Trump vowed Monday on a response to a "barbaric" suspected chemical weapons attack in Syria. According to a Syrian air organization, the suspected attack late on Saturday killed at least 60 people with more than 1,000 injured in several sites in Douma, a city near the capital. "We can't let that happen in our world...especially when we're able to because of the power of the United States, the power of our country, we're able to stop it," Trump said. Earlier in the day, Britain and the U.S. agreed that the attack bore the hallmark of previous chemical attacks by Assad's government but neither country gave details of what kind of chemical might have been used or how the attack was staged.

Comments regarding the Iranian nuclear programme take headlines this week. Iran is a large oil producer and if the current lifting of sanctions against the country should be re-imposed, supply disruptions will occur and affect oil prices.

Tonight, the weekly oil stocks data from the American Petroleum Institute (API) is published. Last week saw surprise draw in crude oil stocks, so expect volatility around the release.



A/S Global Risk Management is a provider of customised hedging solutions for the management of price risk on fuel expenses. The company has offices in Denmark and Singapore. For further details about its risk management products and services, please call +45 88 38 00 00 or email hedging@global-riskmanagement.com.






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Potential trade war still looming; huge jump in active US oil rigs
A/S Global Risk Management Ltd.

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