#US West Texas Intermediate (WTI)


Oil prices near $90 as Middle East tensions rise

The geopolitical risk premium in oil prices had been unwinding this week on the perception that the US could ensure tensions were managed

Brent oil price forecast Bloomberg GettyImages-1384536093

Oil prices fall but further escalation could see rates at $100 a barrel

Analysts said prolonged tensions through the second quarter this year have largely priced oil at $85-$90 per barrel