Oil prices hiked for a fourth day in a row, in the Asian session on Wednesday.
Global Oil prices soared to multi-year highs during the final trading week of Q3 as geopolitical risk sparked concerns over possible supply shocks.
Oil prices will continue to rise as long as the Iran issue gets closer and intensified.
International laws may collide and this could send prices to extraordinary levels.
Crude Oil was on an upsurge during Tuesday as the storm hit the Mexican Gulf, however corrected lower during the US session as fears eased.
Uncertainty could build on unstable production from countries in the Middle East.
Today, in the American session we get Canadas Building Permits for June and from the US the EIA Weekly Crude Oil Inventories Survey.
What's happening in the market today? Check out today's economic highlights!
Many geopolitical events taking place as August makes a beginning, are due out and have the potential to cause chaos in the financial markets and especially for the commodities sector.
What's happening in WTI Crude Oil market recently? and What is the current/future trend?