What's Next for Crude Oil? Analysts Weigh In After Iran's Attack [Yahoo! Finance]
ING Group, N.V. (ING)
US:NYSE Investor Relations:
ing.com/investor-relations.htm
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Source: Yahoo! Finance
As Israel weighs its response to the assault, here's what market watchers are saying about the outlook: Most Read from Bloomberg Israel Versus Iran — What All-Out War Could Look Like Texas Warns of Possible Power Emergency Next Week Iran's Missile Barrage Was an Error Israel Can Gain From Israel Grapples With New Phase in Its Multi-Front War With Iran Apple's iPhone Shipments Drop 10% as Android Rivals Rise ‘Risk Premium' — Goldman Sachs “We estimate that oil prices already reflect a $5-to-$10-a-barrel risk premium from downside risks to supply,” before the weekend attacks by Iran, Goldman Group Sachs Inc. analysts including Daan Struyven said in a note. “The potential Israeli response to Iran's attack is highly uncertain and will likely determine the extent of threat to regional oil supply.” Iranian crude production has risen by more than 20%, over the past two years to 3.4 million barrels a day, or about 3.3% of global supply, the analysts said. So, “if the market
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