Reality of the Crude Trade Will Come to a Head Around Midterms
AI Summary
Crude oil prices are reportedly misaligned with the actual supply dynamics in the Middle East. This discrepancy is expected to become more apparent around the U.S. midterm elections, highlighting volatility in regional crude trade data.
The price of crude is not reflective of the supply reality in the Middle East, and based on crude trade data, the runway left for this crude reality can be felt by the U.S. midterms.