Latest / The Commodities Economy with Fexingo: Oil, Gold, Wheat, and Raw Material Markets
Why Oil Is Tumbling Despite Strait of Hormuz Tensions
Crude oil has plunged over 7% in the past five days even as a tanker was struck in the Strait of Hormuz amid escalating U.S.-Iran tensions. Lucas and Luna unpack the disconnect: why the market is shrugging off a supply chokepoint threat. They look at demand fears from a slowing global economy, the OPEC+ production picture, and what the futures curve says about trader sentiment. Plus, a quick honest moment about how the show stays ad-free. If you've ever wondered why oil sometimes ignores the headlines, this episode walks through the numbers and the logic.
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