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Oil Markets In Disarray

“This 2-million-barrel cut been described as monstrous by some people on the political side of the spectrum, and it’s just not.” Bob Iaccino outlines the true impact the recent OPEC+ cut has on oil supply. He also highlights the seasonality trends energy commodities go through but emphasizes that focusing only on seasonality is not a good trading strategy since futures contracts already price in seasonality. He also notes that agitating the Saudi government post the OPEC cut could drive prices higher.

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13 Oct 2022

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