Miner Company
The 'No Pressure' Ceasefire
The S&P 500 has rallied from March lows to record new highs, pricing in the promise of an end to the war, despite persistent supply disruptions and geopolitical uncertainty. Physical oil flows remain severely constrained, with 500M barrels removed from the market, a widening gap between paper and physical prices, and a closed Strait.
The S&P 500 has rallied from March lows to record new highs, pricing in the promise of an end to the war, despite persistent supply disruptions and geopolitical uncertainty. Physical oil flows remain severely constrained, with 500M barrels removed from the market, a widening gap between paper and physical prices, and a closed Strait.