Future demand could surprise to the upside as countries rebuild depleted stockpiles and China eventually resumes spot crude buying, limiting the impact of any expected global oversupply.

Iran war disrupts oil supply, causing concerns for future price spikes. Crude oil reaching a new all-time high by September 30 at 2.5% YES.

The world has coped unexpectedly well with the disappearance of over a billion barrels of oil since the start of the Iran war, yet the risk of sharp price...