Why The Syria Conflict Could Be Bearish For Oil Prices

The withdrawal of US troops from northern Syria has been the most thoroughly covered story in global news over the last week. In the oil patch, investors are watching the situation with a close eye looking for signs of further Middle East destabilization which could transmit upside risk into prices. To that end, we’ve come across a steady stream of written pieces and interviews from energy pundits who think the market is seriously undervaluing the geopolitical risk created by the vacuum of the abrupt, unexpected US withdrawal. The practitioners,…