The oil market has to price in a larger risk premium for any potential supply disruptions after Israel's attack against Iran, ING's head of commodities strategy Warren Patterson writes in a note. Geopolitical uncertainty has also increased significantly. Iran is a meaningful oil producer, pumping 3.3 million barrels per day of crude oil and exporting about 1.7 million barrels per day, he says. In a scenario where there is further escalation, it isn't too difficult to envisage a situation where Iranian oil supplies are disrupted. Front-month WTI crude oil futures are up 11% at $75.61/bbl; front-month Brent crude oil futures are 11% higher at $77.07/bbl
The oil market has to price in a larger risk premium for any...
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Last
$25.21 |
Change
0.000(0.00%) |
Mkt cap ! $47.86B | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | $25.88 | $23.83 | $148.7K | 7.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 504 | $30.25 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $23.69 | 9671 | 15 |
View Market Depth
| Last trade - 09.50am 16/06/2025 (20 minute delay) ? |
| WDS (ASX) Chart |