Jeff Currie, a former Goldman Sachs and Carlyle strategist, has been bullish on oil since the pandemic and strengthened that stance when the Iranian crisis erupted. After oil prices rose sharply and rapidly this year, he is advising investors to book profits in the short term. He argues that an escalation in the Strait of Hormuz would be mutually destructive for both sides. Currie therefore believes the oil market could reach a turning point on the eve of the US midterm elections.
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