Miner Company
Oil And Equity Markets: Someone Is Lying
The market is underestimating the risks from the Strait of Hormuz crisis, with equity indices pricing in a rapid resolution and normalization. Physical oil markets reveal acute shortages, with March and April deficits of 9.1 and 13.7 million barrels/day, driving spot prices far above futures.
The market is underestimating the risks from the Strait of Hormuz crisis, with equity indices pricing in a rapid resolution and normalization. Physical oil markets reveal acute shortages, with March and April deficits of 9.1 and 13.7 million barrels/day, driving spot prices far above futures.