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Crude Oil Skyrockets As Prevailing Uncertainty Due To Gulf War Increases

Geopolitics & WarEnergy Markets & PricesCommodities & Raw MaterialsCommodity FuturesTrade Policy & Supply Chain

Crude oil prices surged on Thursday, reversing yesterday's plunge, after President Trump's address heightened concerns about supply disruptions from a protracted Gulf war. The move raises energy market risk premia, is favorable for oil producers' near-term cash flows, and increases inflation and risk-off pressure for broader markets.

Analysis

Crude oil prices surged on Thursday, reversing yesterday's plunge, after President Trump's address heightened concerns about supply disruptions from a protracted Gulf war. The move raises energy market risk premia, is favorable for oil producers' near-term cash flows, and increases inflation and risk-off pressure for broader markets.

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