![Geopolitical tensions fuel Brent’s positive start to 2024](/s3-static/Charts/black_oil_cusped_in_blue_gloved_hands.jpg)
05 JAN
10:03
Geopolitical tensions fuel Brent’s positive start to 2024
Brent is set to be kept rangebound between $70 and the low-$80s. Although rising geopolitical tensions are feeding into supply-side fears, which have helped support oil prices, its near-term gains are set to remain limited by the darkening global demand outlook.