The Story
News Summary
- Julius Baer warns that oil's geopolitical risk premium is excessively bloated despite crude surging past $95.
- With tanker traffic continuing through the Strait of Hormuz and ample global storage in Europe and Asia, the bank anticipates crude prices have room to deflate.
Explore WTI price history & advisor snapshot
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Stored market data
WTI price history
105.86
+75.44% over the displayed period
Advisor Snapshot
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