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Odd Lots: Rory Johnston on Why Oil Didn’t Hit $200 (Podcast)
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Why This Matters
Financial market analysis indicating neutral sentiment based on current trends.
Sentiment
Neutral
AI Confidence
50%
Time Horizon
Short Term
Article Context
Note: This is a brief excerpt for context. Click below to read the full article on the original source.
The Strait of Hormuz has (mostly) re-opened! Crude prices are still up since the start of the war with Iran, but popular predictions earlier this year of $200-a-barrel Brent didn’t pan out. Why is that? We last talked to Rory Johnston, the founder of the Commodity Context newsletter, at the start of the conflict. And in that conversation he said that the Strait’s closure would lead to $200 oil if it persisted for any length of time. Today, he returns to tell us what he’s learned about the oil ma
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Summary
Financial market analysis indicating neutral sentiment based on current trends.
Time Horizon
Short Term
Original article published by
Bloomberg
on June 26, 2026.
Analysis and insights provided by AnalystMarkets AI.
Analysis and insights provided by AnalystMarkets AI.