US Energy Chief Says ‘Fear Premium’ in Oil Markets Will Ebb

Source: Bloomberg Politics · Bias: Center

Summary

US Energy Secretary Chris Wright sought to counter market warnings about an extended Middle East war, saying global energy supplies are sufficient and the surge in oil prices reflects a “fear premium” that won’t last.

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US Energy Chief Says ‘Fear Premium’ in Oil Markets Will Ebb
Bloomberg Politics

US Energy Chief Says ‘Fear Premium’ in Oil Markets Will Ebb

Center

US Energy Secretary Chris Wright sought to counter market warnings about an extended Middle East war, saying global energy supplies are sufficient and the surge in oil prices reflects a “fear premium” that won’t last.

US Energy Chief Says ‘Fear Premium’ in Oil Markets Will Ebb | ParallaxNews.io