TDI’s Jay Truesdale Discusses Oil and Geopolitical Risk
TDI CEO Jay Truesdale spoke with The Wall Street Journal’s Anthony Harrup about how the threat of disruption to shipping through the Strait of Hormuz is raising oil prices, although this may be short-lived given the interest many stakeholders have in keeping oil prices.
“Most traders have now gone back to base cases anchored by supply and demand, especially given that the world has sufficient oil,” he says, and prices are likely to return to “somewhere in the $60s.”
