Heightened Geopolitical Risks Result in Bullish Markets this Week – Energy Flashback – Week 25

Expiry and heightened geopolitical risks will give bullish support to markets this week.

Oil prices supported as US 10 mins away from retaliatory military action against Iran.

Fears for renewed asset inflation emerge as US & EU Central banks signal a return to loose monetary policy.

Carbon consolidates support above €25 on weak coal and asset class support.

Two LNG tankers from Qatar arrived in the UK last week with 2 more scheduled through July 5^th.  Straits of Hormuz issues are one of the issues casting doubt over the sustainability of Qatari deliveries.

Ongoing UK nuclear issues at Hunterston B4 see the reactors restart date rolled back into late July.

Expiry and heightened geopolitical risks will give bullish support to markets this week.

Jason Durden

A former equity derivatives trader with Citicorp and RBS, Jason has worked in energy for 14 years. As well as managing trading teams looking after gas and power energy funds and multinational European contracts, Jason has personally risk managed some of the UK’s largest flexible gas and power contracts.

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