Goldman Sachs: Risk premium at the front end of the oil curve has declined.

Odaily Planet Daily reports that Goldman Sachs analysts stated, "Since the US-Iran ceasefire declaration, the risk premium at the front end of the oil curve has declined as the likelihood of a peace agreement in the near term has increased." Goldman Sachs noted that oil flows through the Strait of Hormuz have not yet increased, and the US blockade measures could further squeeze supply. However, this pressure has been somewhat alleviated because the disruption to crude oil production in the Middle East does not appear to be as severe as expected, thanks to larger-than-expected storage capacity both onshore and offshore. (Jinshi)