Deutsche Bank's report notes that Brent Oil prices have increased due to rising geopolitical tensions, particularly concerning Iran. The report mentions that Brent is trading at its highest since late-September, with a notable rise of 1.23% and further gains observed in the following morning. The situation has contributed to a bullish outlook for oil prices.

Brent Oil prices reach new highs

"Oil prices saw further gains after Trump posted that a 'massive Armada' was heading to Iran, and that time was 'running out' for Iran to make a deal with the US."

"Brent (+1.23%) up to its highest since late-September and trading another +1.62% higher this morning at $69.51/bbl."

"Fears of tensions escalating between the two countries caused oil prices to rise."

(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor.)