# The Commodities Feed: Risk premium for oil diminishes | articles | ING THINK

> Brent settled near $88 a barrel as the short-term geopolitical risk premium from the Hamas attack on Israel diminished, with prices giving up nearly half of their post-attack gains. The API reported a 2.7 million barrel US crude draw, and Western Canada Select's discount to WTI widened to $24.5 a barrel.

- Date: 2023-10-25 · published 2023-10-25T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/33800-the-commodities-feed-risk-premium-for-oil-diminishes-articles-ing-think
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Unwinding the war premium lowers near-term energy costs, while a wider Canadian discount reflects pipeline constraints that can shift crude flows and pricing.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Sources

- think.ing.com: https://think.ing.com/articles/the-commodities-feed-risk-premium-for-oil-dimnishes/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.