Oil Markets Reprice Risk as Geopolitics Overtake Fundamentals
Oil markets didn’t just rally this week; they repriced risk in a way that forced traders to adjust positioning quickly. What began as a recovery from prior weakness turned into a sharp geopolitical premium build, with supply disruption fears taking control of both WTI and Brent. By Thursday night, Weekly June WTI crude is trading $96.91, up $14.32 (+17.34%), a move that reflects more than momentum and signals a structural shift in how the market is pricing near-term supply risk. Geopolitical Pre...
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