We are now well beyond the most optimistic scenarios. Current situation is between SIEGE and IRAQ 1, with the potential to get significantly worse.
The biggest dissonance is how well markets are taki...
US SPR is at historic lows, 300M barrels. Othe countries are doing much worse.
If the situation continues or worsens until October, we could be looking at severe economic disruptions.
This is NOT priced in.
If the situation continues or worsens until October, we could be looking at severe economic disruptions.
This is NOT priced in.
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