Oil Is Priced Correctly Considering the Risks, Path's Iaccino Says

Bob Ichino from Path Trading Partners discusses the current state of crude oil prices, explaining that despite recent attacks, the market is not seeing a significant price increase due to oversupply and lack of structural disruption. He also touches on the US's stance on Iranian sanctions and OPEC's production cuts. The conversation shifts to gold trading, highlighting increased activity due to Middle Eastern tensions and uncertainty over the weekend.

What factors are contributing to the current pricing of crude oil according to Bob Ichino?

How does the structure of the recent attacks influence the perception of crude oil supply?

What is the significance of the US moving average in relation to crude oil supply?

Discuss the potential impact of OPEC Plus's decisions on crude oil prices.

What are the expected market activities in gold due to Middle Eastern tensions?