Macquarie: US-Iran Deal Before Midterms Could Trigger Oil Oversupply Risk

According to Macquarie analysts, oil markets face a risk of shifting toward oversupply by year-end if the US-Iran conflict de-escalates before the midterm elections, which are less than 100 days away. As Washington faces mounting pressure to resolve the conflict ahead of the vote, conflict de-escalation would ease tensions and allow oil flows in the Middle East to resume, Macquarie noted. The bank expects oil inventories to begin accumulating again following such a scenario.
Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.
Comment
0/400
No comments