What's Next for Crude Oil? Analysts Weigh In After Iran's Attack [Financial Post (Toronto, Ontario, Canada)]
ING Group, N.V. (ING)
US:NYSE Investor Relations:
ing.com/investor-relations.htm
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Source: Financial Post
As Israel weighs its response to the assault, here's what market watchers are saying about the outlook: Author of the article: You can save this article by registering for free here . Or sign-in if you have an account. (Bloomberg) — Oil futures were barely moved by Iran's unprecedented attack on Israel, with traders attributing the lackluster price action to expectations that the conflict would remain contained. As Israel weighs its response to the assault, here's what market watchers are saying about the outlook: ‘Risk Premium' — Goldman Sachs Article content “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.” Article content Iranian crude production has risen by
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