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0 0.00107083752474279 0.000665866242658243 0.000681442061199921 0.00107473147937834 0.00259596975695237 0.00171982996398083 0.00168738034201896
Stock impact report

Top oil analyst guarantees that the next few months ‘will be an ongoing, absolute disaster' even if the Strait of Hormuz opens tomorrow [Yahoo! Finance]

JP Morgan Chase & Co. (JPM) 
Last jp morgan chase & co. earnings: 4/14 06:43 am Check Earnings Report
Company Research Source: Yahoo! Finance
Futures markets have been soothed by hopes of peace talks between the U.S. and Iran. West Texas Intermediate remains below $100 a barrel for now, though Brent crude is back above that threshold. Meanwhile, stocks have been hitting record highs as investors look past the war. But Paul Sankey, president of Sankey Research, pointed out pre-war oil shipments via tankers from the Persian Gulf have only now reached their destinations. So with the Strait of Hormuz largely closed off for more than 40 days, the lack of new supplies can no longer be ignored. “Over the coming months, this is going to unfortunately deteriorate badly,” he told Bloomberg TV on Thursday. “We're locked into that.” As fresh inflows of Middle East oil have dried up, countries are tapping their reserves, and the inventory numbers have “started to get scary,” Sankey added. In fact, it's guaranteed the situation will get worse, he warned, unlike typical attempts to make oil market forecasts, which can turn out ve Show less Read more
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