Oil serves as a good diversification and risk hedge for portfolios because global inventories are being depleted with each escalation, and even if a deal on the Strait of Hormuz is reached, markets should be skeptical of its durability. The current oil price is rather optimistic.
Oil serves as a good diversification and risk hedge for portfolios because global inventories are being depleted with each escalation, and even if a deal on the Strait of Hormuz is reached, markets should be skeptical of its durability. The current oil price is rather optimistic.