Israel's Biggest Conflict in More Than 50 Years 10/09/23
Morning Call
00:00
Analysis of Recent Sell-off in Oil and Potential Disruptions to Supply
In this chapter, the speakers discuss the recent sell-off in oil driven by unfounded fears about U.S.-Saudi-Israel diplomacy. They clarify that Saudi Arabia has made it clear that their voluntary cuts will stay in place. The chapter also touches on the potential disruptions to oil supply and the possibility of the Saudis increasing output as part of a deal to recognize Israel. The speakers argue that the fears were unfounded and prices are ultimately headed higher due to the tight market and low inventories.
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Transcript
