Following the latest ‘strategic move’ by the US Commander In Chief, the price of oil spiked at the beginning of the New Year.
Increased tensions in the Middle East and the expectancy of further retaliatory strikes pushed the oil price even higher. Volatility in the region is expected to increase further.
Strangely though the price of oil has remained quite stable following the latest events.
Oil is sitting at just under $60 a barrel today at the end of January.
