Jeff Currie Sees ‘Substantial’ Upside as Oil Market Rebalances

Jeff Currie of Carlyle Energy Pathways warns of a disconnect between paper (futures) and physical oil markets as supply and demand begin to rebalance, forecasting a 'bumpy ride' with elevated volatility and potential price dislocations. Expect short-term volatility in crude prices and basis moves that could create both risk and trading opportunities for physical hedges and derivatives positions.

Analysis

Jeff Currie of Carlyle Energy Pathways warns of a disconnect between paper (futures) and physical oil markets as supply and demand begin to rebalance, forecasting a 'bumpy ride' with elevated volatility and potential price dislocations. Expect short-term volatility in crude prices and basis moves that could create both risk and trading opportunities for physical hedges and derivatives positions.