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OIL - TD says Iran getting involved in Gaza is a 'tail event' risk, a worse case scenario

OIL - TD says Iran getting involved in Gaza is a 'tail event' risk, a worse case scenario
TD Asset Management commodities analysts are not seeing a wider regional conflict in the Middle East as a base case:You do have the potential for this situation to escalate if Iran gets involved. Iran is producing and exporting more oil than they have in the last five years, north of 3 million barrels a day. So there is some risk there Hopefully, that is a sort of tail event, a worst-case scenario. But I think given the tightness in inventory, given kind of how fragile the balance is right now,... Read More
Posted: Oct 16 2023, 00:55
Author Name: forexlive
Views: 082523

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