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Jeff Currie on ‘Dangerous Phase’ of Commodities Rally, $5 Gasoline
Source: Bloomberg
Energy Markets & PricesCommodities & Raw MaterialsElections & Domestic PoliticsInflation
Jeff Currie warned that China’s return to the oil market could intensify shortages of crude and refined products, raising the prospect of US gasoline prices reaching $5 per gallon. Higher fuel costs would add inflationary pressure and could become a political issue ahead of US midterm elections. The discussion points to a tighter oil-market outlook, though it provides no specific supply-demand estimates or forecast timeline.
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