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Macquarie Still See Geopolitical Risk Premium in Oil

OIL

It’s hard to say there is no political risk premium priced into oil at present according to Marcus Garvey, Managing Director of Macquarie Group in a CNBC interview this week.

  • “I don’t think there is a large geopolitical risk premium at present and really that reflects the fact that although we’ve had so many potential disruptions, none of them have actually resulted in a meaningful disruption to supply,” Garvey said.
  • “There is scope for a much bigger geopolitical risk premium, but in our base case, it’s just not something we think should happen at the moment.” he said.
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