Brent: Geopolitics eclipses UAE's exit from OPEC – Societe Generale
Societe Generale’s commodity team notes that Brent prices rose nearly 4% on the day the UAE announced its exit from OPEC and OPEC+, as Hormuz-related tensions overshadowed what would normally be a bearish supply shock.
BRENT
Societe Generale’s commodity team notes that Brent prices rose nearly 4% on the day the UAE announced its exit from OPEC and OPEC+, as Hormuz-related tensions overshadowed what would normally be a bearish supply shock.