Oil
prices dipped and hovered around $78.50 on Tuesday, challenging market
confidence and support for potential gains. Traders are largely disregarding
the risks associated with the two major headlines from Monday and today. One
pertains to the funeral of the Iranian President, who died in a helicopter
crash, and the other involves the International Criminal Court issuing an
arrest warrant for Israeli leader Benjamin Netanyahu and the country's defense
minister on war crimes charges.
Dr. Kamaran Qader Yaqub, Financial
Consultant at Investment Spot company.