Oil prices have climbed marginally this week as stronger economic growth forecasts for major markets like the US and Europe outweigh concerns surrounding the Chinese economy and the effects of Evergrande’s liquidation. Oil prices have also been affected by rising tensions in the Middle East, though increased output from other players like the US is likely to keep this in check to some degree. Brent crude prices have increased 7% this year largely due to rising geopolitical tensions around the Middle East in Gaza and Yemen, production in the region remains largely unaffected and with the US increasing output and exports the IEA expects oil supply to reach new heights this year. Saudi Arabia has also announced that it no…