Miner Company
The Iran War And Oil Backwardation: Here's What Investors Need To Know
The current oil price surge is driven by fear and supply shock from the Iran conflict, but extreme backwardation signals a likely sharp reversal within months. I see panic selling in airline and cruise line stocks as a contrarian buying opportunity, favoring dollar cost averaging into oversold names like ALK and NCLH.
The current oil price surge is driven by fear and supply shock from the Iran conflict, but extreme backwardation signals a likely sharp reversal within months. I see panic selling in airline and cruise line stocks as a contrarian buying opportunity, favoring dollar cost averaging into oversold names like ALK and NCLH.