Oil prices still don't reflect the one-million-barrel loss due to the Iran War: ANZ
Video Overview & Insights
ANZ's Daniel Hynes says a dramatic drawdown in global crude inventories will finally push markets to understand the reality of the situation, as markets currently assume the Strait of Hormuz will reopen soon, and supply will quickly come back online.
And how is all that working out so far? 😂😂😂
More User Perspectives
The stock market is being used as a propaganda campaign. This is a mass suspension of disbelief. If it were coupled with the actual real-world situation, it would have crashed through the floor by now. Iran knows how to do math -- the Trump regime can't count its toes. Or its missiles for that matter.
@voltrevolt8731This disruption is around half as bad as the 1990 Gulf War disruption and is well below the amount that could cause a recession. Like 1990 and 2022 prices peak early and the market corrects within 5 months. So we are on the downside and it gets better every day. Cue the hand waiving and name calling as people that haven't looked into this react to this post.
@MinusEightyBillion gazillion million
@jamesbuckley8917Billion
@anthonygargano1861But the 1 Billion is waiting to be used though. It is there, it has buyers and demand, it is just in big ships, refineries, storage units. Once Trump stops playing games before Memorial Day in the US, which is the start of Summer expect the flood gates of oil and gas to be opened. Don't forget that also in the Summer the US mid-term election season starts, so Trump better get a deal or he will lose his Republican support in Congress.
@erichvonmolder9310Incorrect Headlines like this are probably why algos are trading oil at 100 bucks instead of 130-150
@perrinpartee557One BILLION
@perrinpartee557One billion. Delete this or edit the headline
@jgdacashman$200/barrel oil for the midterms please.
@kenvalenti5414CNBC - fix yer error riddled title - the world is missing 1000 million ( 1BILLION ) barrels. One million is a rounding error..
@PWALPOCO1 billion not 1 million
@Mibourone billion?
@NoobBlitz