Brent rises above $100 amid severe-risk scenario pricing—Market talk
BNY Investments’ Aninda Mitra says Brent’s move above $100 appears to reflect pricing in a severe risk scenario and a premium on immediate oil supply security, not a confirmed, lasting loss of oil supply.
Brent crude’s move above $100 a barrel appears to reflect pricing for a severe risk scenario rather than a confirmed, lasting loss of oil supply, according to BNY Investments’ Aninda Mitra in a note. Traders seem to be paying up for immediate oil supply security, reflecting the risk of a lasting disruption.