Top oil analyst guarantees that the next few months ‘will be an ongoing, absolute disaster’ even if the Strait of Hormuz opens tomorrow
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Energy experts have been warning oil futures have been totally disconnected from the reality that exists in the physical market, but a reckoning is unavoidable and imminent, according to a top oil analyst.
Futures markets have been soothed by hopes of peace talks between the U.S. and Iran. West Texas Intermediate remains below $100 a barrel for now, though Brent crude is back above that threshold. Meanwhile, stocks have been hitting record highs as investors look past the war.
But Paul San
Futures markets have been soothed by hopes of peace talks between the U.S. and Iran. West Texas Intermediate remains below $100 a barrel for now, though Brent crude is back above that threshold. Meanwhile, stocks have been hitting record highs as investors look past the war.
But Paul San
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