MacroVoices #399 Ole S Hansen: Still Bullish Commodities
Macro Voices
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Geopolitical Risks and Oil Market Outlook
The chapter discusses the EIA inventory data for crude oil and the market's reaction to news about the Israel conflict. It explores the bullish oil market outlook based on geopolitical escalation risks. The chapter also speculates on the reasons behind Israel's decision to delay its ground invasion and predicts potential extreme damage to Iranian oil production if Iran strikes Israel.
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