RE:RE:Libya's 800,000 bpd off the market
That is a mega supply shock in the near term. It will definitely affect the oil price. If US and Iran go to war, and Iran oil infrastructures are affected crippling its ability to produce and export oil, oil price will skyrocket. China will panic. If Iran and its proxies sabotage any oil infrastructure or start sinking oil tankers in the Straits of Hormuz, you bet oil price will gap up. Good luck with your short covering.