Crude oil prices were stuck in something of a holding pattern on Friday as the needle for geopolitical risk spins with no clear direction. Crude oil prices have been elevated for much of the year on the back of heightened geopolitical risk, from a Saudi-Iran proxy war in Yemen to multilateral skirmishes in the Syrian civil war. That risk was most pronounced on Tuesday when U.S. President Donald Trump pulled out of the multilateral Iranian nuclear agreement. After slumping before the announcement, crude oil prices jumped more than 3 percent on Wednesday, but have since been in a relative holding pattern. Ole Hansen, the head of commodity strategy at Danish investment firm Saxo Bank, said in response to questions sent […]