‘Really on a Time Crunch’ to Resolve High Oil Prices

Ben Emons thinks there was short squeeze in oil over the weekend, driven by fears of production shutting down in the Gulf. He argues it’s “full risk off” in the oil market as Brent and WTI crude match prices, a rare occurrence. Ben explains what moving from an oversupply to an undersupply means for oil prices and global economies. “We’re really on a time crunch to try to resolve this conflict.”

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