The oil market’s volatile 2022 is set to bleed into next year, depending on how three global geopolitical and economic factors play out.
Oil prices have been on a rollercoaster ride this year. Prices for Brent crude were already rising at the start of 2022 as the global economy rebounded from a pandemic-induced slowdown, but hit $130 a barrel in March as countries debated banning oil imports from Russia in the wake of the Ukraine invasion.
