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Geopolitics Adds $20 a Barrel to Oil, Fund Manager Says

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Oil prices fell more than 2% on Monday as traders weighed the threat of further attacks on Saudi energy infrastructure against fears that high prices could curb demand. Michael Alfaro, CIO of Gallo Partners, told CNBC that extreme uncertainty has built a risk premium of roughly $20 per barrel into crude, warning that refining outages could keep fuel prices elevated.

Source

https://www.cnbc.com/2026/10/26/oil-prices-today-wti-brent.html


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