JPMorgan pulls no punches on Strait of Hormuz, oil prices
Something doesn’t add up in the global oil market right now. Supply disruptions have hit historic levels. Inventories are draining at a pace not seen in decades. Yet prices, while elevated, haven’t spiked as violently as past crises might suggest. JPMorgan says that gap is a warning sign, not reassurance. And the bank’s analysts have […]
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