Oil prices have been rising amid faster global growth and the inclusion of a risk premium in case the simmering tension in the Middle East escalates.
Bluford “Blu” Putnam has served as Managing Director and Chief Economist of CME Group since May 2011. With more than 35 years of experience in the financial services industry and concentrations in central banking, investment research, and portfolio management, Blu serves as CME Group’s spokesperson on global economic conditions.
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The U.S. is expected to decide this month on whether to pull out of the international nuclear accord with Iran. The decision could impact the oil market as Iran is a major producer of crude oil. Iran is also engaged in a diplomatic row with major oil exporter Saudi Arabia. Protect your portfolio by hedging on NYMEX, the most extensive and liquid energy marketplace with an unrivalled product suite that comes with flexible market access.