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Rising Middle East tensions put political risk back into play for oil prices

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Report summary

The new year is off to a tumultuous start for Middle East politics and the oil market. After Saudi Arabia severed diplomatic ties with Iran, oil prices rose on 4 January but were then supressed by the sharp fall in China's equity markets also on Monday. The equity sell off raises fears, again, about China's economic growth and the impact on oil demand.

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  • Rising Middle East tensions put political risk back into play for oil prices

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  • Macro Oils forecast of global implied oil inventory build/draw by quarter through 2017

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