William O’Neill, partner at Logic Advisors, says neither the Israeli invasion of the Gaza Strip nor the intensified fighting in eastern Ukraine has caused a major move in crude oil prices because neither situation is likely to disrupt the flow of oil from the Middle East to the rest of the world. However he says there is definitely a geopolitical tensions premium in oil prices now, and he’s on guard for a spike up in oil prices if another event threatens the flow of oil. He discusses the recent move up of industrial metals prices; predicting that copper could keep moving higher as growth in China slows but remains positive. O’Neill speaks with Bloomberg’s Kathleen Hays on Bloomberg Radio’s "The Hays Advantage.”.
Running time 12:33