Reported 4 days ago
Geopolitical tensions are causing oil prices to rise, with analyst Stephen Schork expressing concerns that traders are underestimating potential disruptions to global oil supply chains. He notes that compared to last year, current market conditions neglect significant risks, especially with the ongoing conflict in the Middle East potentially escalating. Schork emphasizes that historical volatility data suggests the market isn't pricing in enough risk, a situation that could have serious implications if conflicts worsen.
Source: YAHOO