Oil futures fall as fears of a wider Middle East war fade
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- US stocks close down as oil spikes 12%, job market weakens
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- Kuwait cuts oil output as storage fills up
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Wolfe discusses what is the 'war premium' in current oil prices
April 23, 2024 11:39 AM UTCIn a note to clients Tuesday, analysts at Wolfe Research assessed the "war premium" in oil prices, noting that today, the exercise is made simpler by the fact that the oil market is relatively balanced.
The investment firm states: "We know there is some "war premium" in oil markets because there... More
