With conflicts in multiple parts of the world threatening shipping lanes and an increase in natural disasters, vulnerabilities are compounding. It would be no shock to see crude rally back toward its July 2008 all-time high of more than $140 per barrel.
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- snixxx·09-14 12:032008 ran from around 60 to 147 fast. With geopolitics plus disaster risk stacking up, the supply squeeze could hit harder this time 📈LikeReport
- ChristKitto·09-14 12:03Supply shock is obvious, but demand matters too. If global growth keeps cooling, that 140 call gets a lot less cleanLikeReport