Commodities: Oil Rallies On Persian Gulf Disruptions

ING Economic and Financial Analysis5.2K FollowersFollow5ShareSavePlay(5min)CommentsSummaryOil prices opened stronger this morning following US and Israeli strikes on Iran over the weekend.There are significant supply risks facing the global oil and LNG market.Gold is pushing higher on Monday as markets reopen to the weekend’s escalation between the US, Israel and Iran. EyeEm Mobile GmbH/iStock via Getty Images By Warren Patterson, Head of Commodities Strategy and Ewa Manthey, Commodities Strategist Energy - Persian Gulf supply risks Unsurprisingly, oil markets opened significantly stronger this morning, with ICE Brent trading as much as 13% higher initially – tradingThis article was written byING Economic and Financial Analysis5.2K FollowersFollowFrom Trump to trade, FX to Brexit, ING’s global economists have it covered. Go to ING.com/THINK to stay a step ahead. We’re sorry we can’t reply to individuals' comments.Content disclaimer: The information in the publication is not an investment recommendation and it is not investment, legal or tax advice or an offer or solicitation to purchase or sell any financial instrument.This publication has been prepared by ING solely for information purposes without regard to any particular user's investment objectives, financial situation, or means. For our full disclaimer please click here.