Oil Has Until July
The article discusses the potential underpricing of oil markets in relation to the risks associated with the US-Iran conflict. It highlights that storage drawdowns are tightening supply, which may impact oil prices. The authors suggest that the market may need to adjust its expectations as July approaches.
- ▪Oil markets may be underpricing US-Iran conflict risks.
- ▪Storage drawdowns are tightening supply.
- ▪The market may need to adjust its expectations as July approaches.
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