Oil's (Very) Dangerous Situation

GoldFix · Oct 2, 2024 · 12m

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Housekeeping: Good Morning.

“The Gold reset is a process, not an event”

Today:

* Analysis: Oil’s Current Situation

* Premium Discussion: Oil Deep-Dive Geopol, Flow,

Premium Analysis: Oil’s Current Situation

The risk to Oil is higher not just from Israel/Iran risk, but from likely initial compliance by junior OPEC+ members to the Saudi warning. This also reflects max pain to short CTAs. Event risk warns of $5 moves either way if war escalates or alternatively if OPEC+ frays more.

First the Facts:

* Prices are…