Bloomberg Intelligence senior commodities strategist Mike McGlone says oil markets are largely accepting US assurances that the Strait of Hormuz remains open, with expanding Western Hemisphere supply
This is the goofiest forecast for crude oil - $50! NO WAY!!!! This guy is out of touch! This guy does not even address refilling the reserve(SPR). This fellow questions the need for a national reserve - get a guy that has common sense as this is a quack to think a strategic reserve is NOT REQUIRED this day and age!
Bloomberg gave up all credibility this year. All of it. The info and headlines are blatantly trying to lower oil prices and make trumps agenda look good. Its disgusting
This guy starts with a lie. If the world was believing the US take on hormuz being open then why are almost no tankers going through? Why are we still draining SPRs?
Bloomberg should book a cruise through the Hormuz Strait to show how safe it is. 😂
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