Surveillance: S&P Targets with Chadha
Bloomberg Surveillance
00:00
The Great Destocking
High interest rates are forcing destocking of physical barrels. Oil, copper and the rest of these markets don't have a positive carry. You're going to drain down these inventories as much as you can. We've been waiting nearly a decade for the iraining floating storage to discharge. It's finally discharging right now. This shows you nobody really wants to hold this commodity.
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