Geopolitical risk isn’t what’s driving oil prices anymore

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At the end of October, Brent crude prices crossed $60 per barrel for the first time in two years. They peaked at around $64.

Experts explained the spike with vague references to “geopolitical risk,” without really detailing what those risks entailed. Such explanations are not wrong, but they are careless.

A proper geopolitical risk assessment goes beyond vague wording. It contains a deep understanding of relevant economic, political, and military factors…

 

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Posted in: Daily News

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