"There is no supply shortage in the U.S. and the IEA is set to release 120M barrels to ease prices. I do not expect OPEC+ to change course," says Ellen Wald. What will be the impact of Russian oil going to Asia versus Europe? Also, Rohan Reddy believes that the SPR being released could bring down oil prices in the near-term, and states that U.S. pipeline stocks look most attractive.
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