Oil Mispriced Crude oil should be pricing in about $12 in geopolitical supply disruption risk: energy expert
Clay Seigle, global oil service director at Rapidan Energy Group, joins BNN Bloomberg to talk about the main geopolitical risks for the oil market. Seigle says there is a 30 per cent chance Iran becomes directly involved in the Middle East war, which in turn could result in a $40 spike in crude prices. However he says right now we're seeing 'virtually zero' geopolitical risk premium built into the price of oil.
https://www.bnnbloomberg.ca/video/crude-oil-should-be-pricing-in-about-12-in-geopolitical-supply-disruption-risk-energy-expert~2852687