Oil prices (BZ=F, CL=F) are rising alongside tensions in the Middle East following an Israeli airstrike that killed the Hamas leader Ismail Haniyeh in Iran. ...
Macquarie global energy strategist Vikas Dwivedi joins Market Domination to give insight into the movement of oil prices and what it means for the global energy trade.
Uh But the market isn't uh waiting on some of those details because I think the big picture idea is that um this has been a controlled set of uh skirmishes and back and forth and all sides have been measured and saying, like, look, I have to respond.
But our view is based on, you know, conversations we've had today and the nature of the price action, let's say none of this had happened right in the Middle East. Now, that's not to say it's over, you know, last year, we didn't get the really big tightness in the draws until the end of the third quarter and it finished really strong at the end of the third quarter and then it gave it all back in the fourth.
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