ClearView's Kevin Book Says Oil's Upside Risks Are Alive Even as OPEC+ Boosts Output and Hormuz Reopens

The note flags Middle East-driven uncertainty, saying there could still be upside risks, but the return to oversupply remains possible rather than the base case. Overall, the commentary implies a broadly balanced outlook with elevated geopolitical risk for energy/commodity pricing.

Analysis

The note flags Middle East-driven uncertainty, saying there could still be upside risks, but the return to oversupply remains possible rather than the base case. Overall, the commentary implies a broadly balanced outlook with elevated geopolitical risk for energy/commodity pricing.