Russia, $100 Oil Won't Sway Bearish View of Citi's Morse

The transcript discusses the potential impacts of geopolitical events, such as the Russia-Ukraine conflict and the Iranian nuclear deal, on the oil and metals markets. It explores hedging strategies in the face of geopolitical risks, focusing on gold and metals like aluminum, nickel, and palladium. The discussion also covers the volatility in commodities markets and OPEC's challenges in meeting production targets. The analysis includes potential price movements in the aluminum market and the implications of Iranian crude returning to the market.

What reasons are given for the expected increase in aluminum prices?

What is the significance of the implied volatility in the metals market compared to the oil and gas markets?

How does the text characterize OPEC's ability to meet oil demand?