石油处于非常危险的境地

GoldFix · Oct 2, 2024 · 12m

石油处于非常危险的境地

The risk to Oil to go higher in price is not just from Israel/Iran risk, but from likely initial compliance by junior OPEC+ members to the recent 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 near the lows of their range for the past 3 years

* Middle East tensions have done little to prop prices up until very recently

* Lower oil prices are good for the US, Europe and China; Bad for Russia and OPEC+

The News:

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