Calls
1
Paul Gooden
Ninety One, Natural Resources Head
Win Rate
100.0%
return
+9.8%
Loading charts...
Ticker
Side
Mentions
First Call
Call Price
P&L
Thesis
Theme
Source
Long
Mar 24
$114.54
+9.8%
The speaker explicitly stated the current physical oil supply outage is 12-13 million barrels per day, offsets are inadequate, and balancing will require demand destruction, pushing Brent crude prices to $120-$150. The closure of the Strait of Hormuz has created a severe physical deficit. Inventory draws will force futures prices to converge with higher physical market prices over time. Bullish on crude oil prices due to an acute physical supply shortage and the expectation that the futures market will re-price higher. A swift ceasefire and reopening of the Strait of Hormuz, allowing a faster-than-expected return of Iranian and Gulf oil volumes.
The speaker explicitly stated the current physical oil supply outage is 12-13 million barrels per day, offsets are inadequate, and balancing will require demand destruction, pushing Brent crude prices to $120-$150. The closure of the Strait of Hormuz has created a severe physical deficit. Inventory draws will force futures prices to converge with higher physical market prices over time. Bullish on crude oil prices due to an acute physical supply shortage and the expectation that the futures market will re-price higher. A swift ceasefire and reopening of the Strait of Hormuz, allowing a faster-than-expected return of Iranian and Gulf oil volumes.
Commodities
Showing 1 of 1 calls · sorted by mentions
Choose a mentions count to open ticker posts.
Paul Gooden has 1 trade ideas tracked on Buzzberg across 1 tickers since March 2026. Most covered: BNO.
