Miner Company
For Oil Prices, It's The Fear Not The Barrels
If 10 to 20 million barrels a day of oil supply is lost by the Straits of Hormuz shutdown, buyers might engage in panic purchases, will those not affected could hoard their supplies. Uncertainty about the duration of the disruption will magnify the panic and hoarding, driving prices up, possibly over $100 for a time.
If 10 to 20 million barrels a day of oil supply is lost by the Straits of Hormuz shutdown, buyers might engage in panic purchases, will those not affected could hoard their supplies. Uncertainty about the duration of the disruption will magnify the panic and hoarding, driving prices up, possibly over $100 for a time.