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Oil market reacting more to headlines than fundamentals: Analyst

06:34 Min

Denton Cinquegrana, Chief Oil Analyst at Dow Jones Energy, says crude prices are being driven largely by geopolitical developments rather than supply-demand fundamentals, with shipping disruptions and higher costs likely to keep oil prices above levels seen before the war on Iran for months to come.

Denton Cinquegrana, Chief Oil Analyst at Dow Jones Energy, says crude prices are being driven largely by geopolitical developments rather than supply-demand fundamentals, with shipping disruptions and higher costs likely to keep oil prices above levels seen before the war on Iran for months to come.

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