Currently, the media and stock market are hyper-focused on the relationship between the price of oil, driven by the damage caused by the Iran war, and expectations for an “end date” for the fighting. If or when the fighting stops, the next focus will be on how quickly international trade recovers and how depleted importing countries’ critical resources, such as oil and fertilizer, are. OECD oil inventory data may become your new favorite indicator.
This content is for Premium subscribers only. Please register or click here to login.