Oil Hoarding Becoming a More Dominant Theme, Currie Says

Core Viewpoint - The oil market is currently facing heightened geopolitical risks, particularly due to recent events in Iran and Venezuela, which could lead to a significant spike in prices [1] Group 1: Market Conditions - The oil market is described as being "record short," indicating a low supply relative to demand [1] - Demand for oil is not slowing down; instead, it is increasing [1] Group 2: Geopolitical Risks - Geopolitical risk is at an all-time high, contributing to the volatility in oil prices [1]