Reports about recovering oil flows in the Persian Gulf and the Red Sea have dominated headlines over the past couple of weeks. Yet oil prices have only moved higher, suggesting barrel numbers alone are not enough to convince the world everything’s back to normal. It isn’t.
Reports of recovering oil flows in the Persian Gulf and Red Sea have been prominent in recent headlines. Despite those reports, oil prices have continued to rise. The article argues that supply figures alone have not convinced observers that market conditions are back to normal. It provides no…
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