Geopolitical strife, politics set to take oil market on ‘wild ride’

Sentiment suggesting continued bearishness in the crude complex is being challenged by the potential for a tightening market in the second half of the year. Russia continues to be a wildcard and concerns are rising over Iran, just as Chinese demand looks to shoot back, OPEC seems intent on supply cuts and the US aims to refill the Strategic Petroleum Reserve. Phil Flynn, senior energy analyst at the PRICE Futures Group and a Fox Business Network contributor, joined the podcast to share how events taking place around the world are playing into oil prices and gave his take on how geopolitics are impacting oil industry investment decisions. Stick around after the interview for Jeff Mower with the Market Minute, a look at near-term oil market drivers.