A 3D-printed oil pump jack is seen in front of a displayed stock graph in this illustration picture. — Reuters
Oil is going through a period of uneasy calm, but market players are pondering if it’s a trend that would last.
The higher-than-expected rise in OPEC+ production quotas for August, combined with a ceasefire between Israel and Iran, has provided oil markets some breathing space and introduced a bearish sentiment to prices, but rising expectations of potential additional sanctions on Russia by Washington could soon change the landscape and keep markets on edge.
