Jason Schenker Headlines Quotations

We've recently seen a series of minor conflagrations in Nigeria, which are resolved swiftly. The headlines raise awareness in the market but the price rises soon fade.

A correction seems likely if we don't see a further intensifying of the geopolitical crisis. There will have to be further headlines for prices to move higher.

You could still see some downward price moves if the Iranian situation just fades from view. If it fades from the headlines you could see oil prices move down several dollars.