Goldman: Oil Markets Haven’t Fully Priced In Geopolitical Risk Premium

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Goldman: Oil Markets Haven't Fully Priced In Geopolitical Risk Premium

Oil prices rallied early on Tuesday, with the U.S. benchmark WTI Crude topping $100 a barrel for the first time since July 2014, as the market scrambles to assess the potential loss of supply from  after the SWIFT ban for n banks over Putin's invasion of e. And the geopolitical premium over the war in e is even higher than current oil prices, according to Goldman Sachs. As of 9:26 a.m. ET on Tuesday, WTI Crude was rallying 5.10% at $100.86, and Brent Crude was trading above $103 per barrel, up 5.34% at $103.51, as...

Source: Goldman: Oil Markets Haven't Fully Priced In Geopolitical Risk Premium

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