Why oil prices haven’t fallen as much as market fundamentals suggest
4:55
CNBC
Why oil prices haven’t fallen as much as market fundamentals suggest
Saul Kavonic, Head of Energy Research at MST Marquee, says oil prices are firmer than market fundamentals would suggest due to geopolitical risks and sanctions on Russian oil, keeping the market tight. He adds that a potential Russia-Ukraine ceasefire and sanctions relief could release stranded barrels, further pressuring prices.
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