Geopolitics disrupts oil markets: traders abandon long-term positions

Due to conflicts in Iran and Ukraine, oil market participants are shortening their planning horizon, abandoning long-term strategies. Analysts from Morgan Stanley note that speculators are shifting focus to short-term derivative instruments and minimizing risks.

This year, Brent crude prices have ranged from $60 to $126 per barrel, while prices for oil products have shown even greater volatility.