Oil market experts say the geopolitical risk premium to global oil prices has never been lower, as global crude production continues to outpace demand. The resultant surplus this continues to generate has nullified risks of supply outages, particularly in the Middle East. "Geopolitical risk has never been higher, but oil at risk has never been lower," commented Goldman Sachs' global head of commodities research, Jeffrey Currie, at the 36th annual Oil & Money conference in London last week.
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