"Trump's sanctions have raised the stakes, and the market is now driven by fear," Konstantinos Venetis, senior economist at TS Lombard, said in a research note published Monday. "But at this juncture we think it makes sense to lean against further oil price strength instead of chasing this rally. And if we see $100 on short notice, it would probably be as good a selling opportunity as in July 2008," he added.
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