Maleeha Bengali is CEO of MB Commodities Capital, based in London.
Recent Articles By The Author
Past SPR releases have proved quite futile in cooling oil price strength.
Covid and Ukraine have just brought the time line closer to the dollar's ultimate demise.
Most in the market are waiting for the ceasefire to then buy the market and sell commodities -- but this was never about the war. The war just accelerated the moves we're seeing.
President Biden is trying to coerce, rather beg, OPEC and other producers to pump more to avoid catastrophic consequences.
How tight are the oil markets here, really? Let's take a look.