Re: Oil-Trying To Cut Through The Noise.
I've been quiet on oil in recent weeks given the lack of edge in forecasting anything given Ukraine/Russia wildcards + China wildcards.
Cap One provided some useful data points today in a client call, which I will summarize below.
Obviously, A LOT has happened since my last update 6 months ago, but I still think signal:noise is very low right now. Rather than give the illusion of false precision, I'll cover broad strokes which I hope to be generally accurate.
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