Oil news and market movers: Sigh of relief

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  • Goldman Sachs Analyst Daan Struyven said to Bloomberg that a $5 to $10 risk premium should be added into the Oil prices when the Israel-Iran situation further escalates.
  • Iran has already come out on Monday morning to say it is not looking for further escalation of tensions in the Middle East.
  • Overall risk on sentiment rolls through markets after tensions in the Middle East are easing.
  • Upside risk to Oil prices remain in the coming weeks in case of any Oil embargoes against Iran as the country is the third-largest producer within OPEC.


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