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TD on oil - don't see a material surge above $100/bbl - but watch for MidEast escalation

I posted analysis from TD here earlier:OIL - TD says Iran getting involved in Gaza is a 'tail event' risk, a worse case scenarioAdding some more remarks, including forecasts for WTI:current positioning analytics suggest that substantial buying activity could take place north of $90.50/bbl in Brent, supporting continued strength the risk premium driven by the current Israel-Hamas conflict, prompts us to say that WTI crude will trade above the $90/bbl mark in the final quarter of the year, with... Read More

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Content Topics

Don

Material

Surge

Above

100 Bbl

Watch

Mideast

Escalation

100 bbl

Forex

Posted: Oct 16 2023, 01:58

Author Name: forexlive

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