Risk Reduction

Flash Note;

The price of Brent crude is surging again, while stockmarkets are making new lows since the war in Iran began. The attacks on oil infrastructure in the Gulf are causing major disruption, and the timeline for hostilities grows. Spot oil, the price today, is rising sharply, and the greater concern is that future oil prices, what you pay for oil delivery next year, are also rising. This longer-term price for November 2027 is a cause for concern because it tells us this crisis is not going away anytime soon.

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Oil Spot Price and 2027

Source: Bloomberg

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