Reposted by Shingo Masunaga (Ph.D.)
If anything, the oversupply could worsen. On the demand side, geopolitical chaos is bad for business, so oil demand growth could slow even further. On the supply side, the current price rally – oil rose almost 10% …— is handing US shale producers an unexpected opportunity
bloomberg.com
An Israel-Iran War May Not Rattle the Oil Market
Abundant supply means the conflict may not worry crude — at least for the time being.