Podcast – Oil prices may tick higher due to geopolitical tension in the Middle East after the shock attack on Israel and US CPI looms

OANDA Senior Market Analyst Kelvin Wong joins Jonny Hart to discuss the surprise attack on Israel over the weekend, geopolitical risk that may see an uptick, and its ramifications on higher oil prices due to a possibility of supply disruptions that are likely to revive the stagflation narrative, and key US CPI data out on this Friday, one of the decision factors for Fed officials to determine whether to implement one last hike on its current interest rate hiking cycle.

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