Energy Watch: Can oil rally 25% further 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!