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01.06.26 - 18:03
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U.S. Oil Reserves To Dry Up Before August? (ZeroHedge)
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U.S. Oil Reserves To Dry Up Before August?
As oilprice.com asked earlier this week, why hasn't oil hit $150 (yet)?
Tonight at 7 PM ET, ZeroHedge will host two former Goldman heavyweights to answer the question: is the recent oil price surge merely a temporary geopolitical shock, or are we entering a period of structurally higher energy prices?
Joining the discussion are former colleagues Jeff Currie, now chief strategy officer for energy pathways at the Carlyle Group, and Arjun Murti, Partner at Veriten. The conversation will be hosted by Real Vision's Ash Bennington.
After five potential deals to re-open the Strait of Hormuz and none resulting in a full resumption of traffic, Currie's betting that it won't be different this time:
On @cnbcAsiaTV this morning, @CommodMkt said, "Sell The Tweet, Buy The Molcule." Currie detailed that Trump tweeted five times that the war was effectively over, but it has not happened.
The chart shows my guess of the five times. Currie is correct. If ...
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01.06.26 - 11:00
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China index reshuffle to entrench tech trades and boost AI rally: brokerages (SCMP)
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A semi-annual reshuffle of key gauges tracking China's yuan-denominated stocks is set to boost the representation of technology companies, a move expected to lure more inflows and further increase the sector's appeal, according to investment banks.
The shake-up was projected to spur US$3.1 billion of inflows into tech hardware and semiconductor makers, according to Goldman Sachs.
Domestic brokerages including Guosen Securities said the changes would inject more confidence into tech stocks,......
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