The surge in the risk premium accompanies a drop in global oil stocks to near their lowest levels since 2017, which Goldman describes as "rock bottom." This supply instability has led to a complete breakdown in traditional market correlations, leaving limited buffers if further disruptions occur.
Tuesday, October 20, 2026
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Goldman Finds $22 Oil Risk Premium at Second Highest Level Since April 2026
Commodities10 days ago
Brent crude prices are holding above $100 per barrel as Persian Gulf exports recover and global inventories slide toward all time lows. Goldman Sachs reports that approximately $22 of the current price of every oil barrel is a risk premium based on market fear that supplies will be cut off, the second highest reading ever recorded after a peak in April 2026.
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