WTI: Diplomacy trims risk premium – TD Securities

TD Securities strategists Ryan McKay and Bart Melek say headlines around President Trump giving diplomacy more time have removed part of the geopolitical risk premium from WTI Crude and refined products. However, they stress that without a concrete end to the war and with tanker and Houthi attacks ongoing, they do not expect the entire risk premium to disappear on diplomacy headlines alone.