The geopolitical risk premium returned to oil markets this week after Israel rejected a ceasefire offer and bombed Rafah. Friday, February 9th, 2024The geopolitical risk premium kicked back in big time this week after Israel rejected a ceasefire offer in Gaza and bombed the border city of Rafah, making it increasingly unlikely that the upcoming weeks would see any de-escalation of tensions in Gaza.
Relatively bearish calls from the US Energy Information Administration, saying that US crude output is unlikely to surpass the current level of…The Geopolitical Risk Premium Is Back in Oil Markets
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