MS
Why Oil Supply May Stay Tight for Months
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4 itemsGOOGLE NEWS
Oil: Tight market keeps Brent elevated – TD Securities - FXStreet
GOOGLE NEWS
Crude Oil Weekly Outlook: Tight Inventories Keep Bulls in Control - FOREX.com
ING THINK
The Commodities Feed: Oil shrugs off Bessent’s ‘D-day’ plan for Iran
The desk observes that oil markets remain largely unaffected by the recent US sanctions against Iran, which were described as a new pressure strategy by the Biden administration. As highlighted in the recent Commodities Feed [source], despite over 70 new sanctions aimed at limiting Iranian trade, the most significant buyer, China, may not alter its procurement strategies. This complex interplay could keep oil pricing stable, although European gas markets are showing tighter conditions with storage levels below the five-year average, escalating energy insecurity in the region. With no significant calendar events in the next 30 days, trader focus will be on how geopolitical dynamics evolve ahead of winter heating demands.