Oil prices are on the rise as it does not look like conflict will break out in the Middle Eastern region, while the stock market continues to be affected by trade war uncertainties. – EPA pic, September 23, 2019.
OIL prices rallied today after Iran warned the presence of US forces in the Gulf was causing instability in the region, while equities were mixed as US President Donald Trump said he did not want a partial trade deal with China. While a loosening of monetary policy by central banks is providing support to investors, they remain on edge following last week’s attack on Saudi oil facilities that was claimed by Huthi rebels in Yemen but blamed by the US on Iran.
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