The Fear Premium Is Back In Oil

Without the fear premium, oil doesn’t have much else to boost it for 2020. And right now, that fear premium has produced a sudden $3 surge in oil prices following the assassination by US drone strike of Iran’s key general of the Quds foreign arm, Qasem Soleimani. The million-dollar question now is whether that premium has legs, or whether it will be another blip on the radar such as that following the attack on Saudi Aramco facilities that threatened to take a major chunk of the world’s oil offline. Whether the premium has legs…