details

While predictions about volatile oil prices abound, one theme keeps popping up: geopolitical risk premium.

In amongst the screams of geopolitical risk premium are far scarier whispers of words such as demand destruction, trade disputes , and economic climate deterioration.

Taking a stroll down memory lane should be enough to sober up those recent predictions that foretold of $100 oil as unrest in the Middle East continues.

No, it was a perfect storm of oil prices that were flying high, spooking traders who thought the peak was right around the corner.