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.
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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mildly negative
Sentiment Score
-0.25