Major Oil Trader Warns of Months of Price Volatility Amid Geopolitical Tensions

Fluctuating oil prices are driving significant speculation in the market, offering private investors opportunities for substantial gains but also posing risks of considerable losses. The world's biggest physical oil trader has now warned of months of continued price volatility, citing Middle East turbulence and seasonal demand.

21 Apr, 01:45 — 21 Apr, 01:45

Post Share

Sources

Showing 1 of 2 sources

zerohedgeLow1d ago

World's Biggest Physical Oil Trader Warns Of Months Of Price Volatility

World's Biggest Physical Oil Trader Warns Of Months Of Price Volatility By Michael Kern of OilPrice.com Seasonally lower demand ahead of the peak summer driving season and the continued turbulence in the Middle East could extend the violent oil price swings for months ahead, the top executive of oil trader Gunvor has told the Financial Times. “It is a little bit of a more challenging, softer period that we need to be careful of,” Gary Pedersen, chairman and CEO of Gunvor Group, ...

By Tyler Durden

Read full article →

Coverage Timeline

First report: faz · 20 Apr, 14:55|Full coverage: 2 · 11h|Window: 11h

Left-leaningCenterRight-leaning

faz20 Apr, 14:55First to report

Rege Zockerei: 80 Prozent Gewinn mit Öl an einem Tag

11h later

zerohedge21 Apr, 01:45Latest update

PERSPECTA

PERSPECTA

Major Oil Trader Warns of Months of Price Volatility Amid Geopolitical Tensions

Sources

World's Biggest Physical Oil Trader Warns Of Months Of Price Volatility

Coverage Timeline

Rege Zockerei: 80 Prozent Gewinn mit Öl an einem Tag

World's Biggest Physical Oil Trader Warns Of Months Of Price Volatility

Related Stories

Oil Jumps Above $100 After US-Iran Talks Fail

Philippine Anti-Money Laundering Council Confirms Suspicious Transactions by Sara Duterte

Zunda Towers Ownership Changes, Billionaire Shefler Changes Citizenship

South Korean Banking Groups Rework HQ Strategies

PERSPECTA