Why are oil prices not higher?
AI Summary
The article discusses the current state of the oil futures market, emphasizing that it has not yet fully recognized the significant supply disruptions originating from the Middle East. This situation has persisted for over three months and has implications for oil prices going forward.
The oil futures market is yet to appreciate the massive supply disruption from the Middle East, a shock now in its third month, lasting far ...
Politics Commodities Energy oil prices supply disruption futures market Middle East economic implications