The pump in oil prices is braking, and worry-free physical supply will bring the market back to rationality

The current pump of oil prices is just over 1%, compared with a previous pump of 4.2%. There is yet no evidence of a real supply disruption, although any escalation of tensions in the Middle East could disrupt oil shipments in the Strait of Hormuz or lead to another Iranian-backed Houthi attack on ships in the Red Sea. Edward Bell, head of market economics at Emirates NBD PJSC in Dubai, said the geopolitical atmosphere does exist before heading into next week's trading, but has anything changed about the physical supply or transportation of petroleum products?

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)