Futures Market Misreads the Hormuz Oil Shock
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مدعوم بالذكاء الاصطناعيThe oil futures market may be underestimating the supply disruption caused by a closed Strait of Hormuz, as evidenced by a significant gap between physical and paper crude prices. This discrepancy could lead to a price surge in oil futures. The current premium of physical Dubai crude over its paper equivalent has surged to $38 per barrel, indicating a potential undervaluation in the futures market.
The underestimation of the supply disruption in the oil futures market could lead to a significant price increase in crude futures, potentially driving up prices towards the $119 per barrel level seen earlier in the week. This, in turn, may have a ripple effect on the energy sector, with possible gains in oil-related stocks and exchange-traded funds (ETFs).
سياق المقال
The oil futures paper market is likely underestimating the massive supply disruption that a closed Strait of Hormuz is creating in physical crude and fuel supply globally. Crude futures prices briefly spiked early this week to $119 per barrel, before retreating to the $90s and trading at $100 a barrel early on Friday in Asian trade. However, the premium of physical Dubai crude has surged to $38 per barrel over its paper equivalent, according to data compiled by Reuters columnist Clyde Russell. The wide gap between paper and physical prices suggests…
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