CEO and Onyx Founder Greg Neman joins Research Associate Vincent Wu to discuss the Geopolitical Risk Premium and how the attacks on Israel have caused a bullish reaction. But the question is, what will happen to prices based on Iran’s role in the tensions in the Middle East?
Vincent gives an update for what happened in the market last week. There was more volatility, refinery margins coming off and bearish EIA stats showing weaker gasoline demand and inventory build, which triggered a very bearish reaction in both flat price and cracks, which Brent came off by $5 in a day!
Vincent backs in his Trade Idea of the week as go long in the Gasnaph.
