Front Month Brent Futures near 2022 Peak Level
Over $116/bbl. One can decompose the futures price increase into an pure expected price change, and risk premium. Robin Brooks “What’s Priced into Brent at $117? A big risk premium has gotten priced in anticipation of a return to a “hot” war” argues that it’s largely due to risk premium increase — perhaps excessive — […]
We haven't written up this one. Econbrowser has the full story — the link below goes straight to it.