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Geopolitical risk and supply-disruption narratives tend to lift Brent/WTI prices, which bNO tracks, creating upside potential in the near term.
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Trump pledges to cut energy costs within a year while fuel prices remain elevated amid geopolitical tensions. The piece ties Brent/WTI strength to Iran, Hormuz disruptions, and Ukraine-related dynamics, signaling an oil-price upcycle risk into year-end. For BNO, near-term upside depends on escalation risk and supply dynamics around the election.
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