If anything, the oversupply could worsen. On the demand side, geopolitical chaos is bad for business, so oil demand growth could slow even further. On the supply side, the current price rally – oil rose almost 10% …— is handing US shale producers an unexpected opportunity
An Israel-Iran War May Not Rattle the Oil Market
Abundant supply means the conflict may not worry crude — at least for the time being.
bloomberg.com