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08.05.26 - 19:27
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"Damage Done Already" - Oil May Take Year To Normalize: Adam Parker (ZeroHedge)
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"Damage Done Already" - Oil May Take Year To Normalize: Adam Parker
Last night's ZeroHedge debate featured the cautiously bullish Adam Parker, former Morgan Stanley chief equity strategist who now runs Trivariate, and bearish money manager Michael Pento, hosted by Adam Taggart of Thoughtful Money.
While Parker is largely optimistic about equities, he put forth a gloomy prediction on gas prices, based on what he is hearing as a consensus on Wall Street. Namely that prices will remain high for at least a year even if Hormuz were to open today.
His full comments below and highlights from last night's debate. Check out the full discussion to hear how both Pento and Parker are positioned going into year-end:
Best case: More pain at the pump
Parker warned that oil markets may remain structurally elevated even if the Strait of Hormuz reopens immediately, arguing that current pricing still underestimates how long normalization could take.
“The consensus view is it takes much longer to no...
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08.05.26 - 17:18
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Ölpreis gestiegen - Spannungen im Nahen Osten nehmen zu (DPA-AFX)
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NEW YORK/LONDON (dpa-AFX) - Der Ölpreis hat am Freitag angesichts der Verschärfung der Lage im Nahen Osten zugelegt. Ein Barrel (159 Liter) der Nordseesorte Brent zur Lieferung im Juli stieg um 1,32 Prozent auf 101,35 US-Dollar.Das US-Militär ......
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08.05.26 - 16:24
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Gulf crisis: Govt says fuel supply, prices stable despite global oil market turmoil (Times of India)
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India has successfully navigated the Middle East crisis, ensuring stable fuel supplies and uninterrupted maritime operations. Despite global price surges, consumers are shielded through excise duty cuts and increased domestic production. State-run oil companies are absorbing significant daily losses to maintain current prices, while Indian seafarers in the Gulf remain safe and maritime operations at Indian ports are normal....
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