Miner Company
Seeing The Forest Through the Trees
As we outlined last week, a quick and tidy conclusion to the war in Iran looks increasingly unlikely — which means markets are likely to remain volatile for the foreseeable future. What matters most is the magnitude and duration of the global oil price spike – currently around $112/barrel. Econometric analyses from Goldman Sachs, Moody's, and others place the ‘danger zone' somewhere above $125/barrel sustained for more than a month or two.
As we outlined last week, a quick and tidy conclusion to the war in Iran looks increasingly unlikely — which means markets are likely to remain volatile for the foreseeable future. What matters most is the magnitude and duration of the global oil price spike – currently around $112/barrel. Econometric analyses from Goldman Sachs, Moody's, and others place the ‘danger zone' somewhere above $125/barrel sustained for more than a month or two.