Helima Croft Says Oil Demand Concerns Trumping Iranian Actions

By on July 20, 2019

RBC Oil AnalystThe US supply picture has really changed the dynamics of oil according to Helima Croft, RBC’s energy analyst.

Potential theats to the Strait of Hormuz, which would have sent oil skyrocketing to over $100 a barrel in days past, barely make a ripple under the current regime.

A global economic growth slowdown has more impact than geopolitical conflicts, unless it involves a sinking of an oil tanker, according to Croft.

Croft said $54.50 is the key level to watch.

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