Energy Watch: Can oil rally 25% further in Q4?
There is a sudden smell of 2021/2022 in the air again as Muftis and Zars suddenly have the upper hand in energy markets again. Can Bin Salman make life difficult for the West in Q4?
Welcome to this short and sweet Energy Watch on the back of the Saudi/Russian decision to prolong cuts of supply through Q4.
It leaves a smell of 2022 in the air and we note how the USD, bond yields AND energy/commodity prices move up in tandem. An odd cocktail, which can only happen, when Zars and Muftis are in charge of the supply/demand balance in global energy markets.
Here we go again!
Find 5 charts on why oil could move as much as 25% with a subscription below
Chart 1: 2022 all over again. USD, yields and energy UP!
There is a sudden smell of 2021/2022 in the air again as Muftis and Zars suddenly have the upper hand in energy markets again. Can Bin Salman make life difficult for the West in Q4?
0 Comments