Brent crude just spiked above $107/barrel after Houthi forces hit a Saudi military site. WTI is back over $95.
Geopolitical risk premium is real right now. Energy traders pricing in supply disruption fears. If tensions escalate further in the Middle East, we could see more upside pressure on crude.
Watch energy stocks and inflation expectations closely. Higher oil = higher input costs across the board.
Geopolitical risk premium is real right now. Energy traders pricing in supply disruption fears. If tensions escalate further in the Middle East, we could see more upside pressure on crude.
Watch energy stocks and inflation expectations closely. Higher oil = higher input costs across the board.
