MACQUARIE SEES OIL GLUT ON US-IRAN DEAL

Macquarie expects the oil market to swing into surplus before year-end if the U.S. and Iran de-escalate the conflict ahead of the midterm elections.

The bank says easing tensions could restore Middle East oil flows within weeks, creating a significant oversupply after war-related disruptions tightened global markets.

MACQUARIE SEES OIL GLUT ON US-IRAN DEAL

Macquarie expects the oil market to swing into surplus before year-end if the U.S. and Iran de-escalate the conflict ahead of the midterm elections.

The bank says easing tensions could restore Middle East oil flows within weeks, creating a significant oversupply after war-related disruptions tightened global markets.

Source:https://twitter.com/deitaone/status/2081816162732540095