This isn't over 'not by a long way', says Paul Sankey on disruption in oil market

Oil prices have rebounded and Paul Sankey warns disruptions in the Middle East are far from over, implying sustained upside and volatility for crude. His view suggests continued supply-driven price support for the energy complex and elevated tail-risk for price spikes. Monitor geopolitical developments and inventory/cargo data for catalysts that could move energy allocations and trading positions.

Analysis

Oil prices have rebounded and Paul Sankey warns disruptions in the Middle East are far from over, implying sustained upside and volatility for crude. His view suggests continued supply-driven price support for the energy complex and elevated tail-risk for price spikes. Monitor geopolitical developments and inventory/cargo data for catalysts that could move energy allocations and trading positions.