War-Weary Oil Traders Shun Long-Term Bets — according to Morgan Stanley

Oil traders are growing increasingly cautious about longer-term positions as the wars in Iran and Ukraine cloud the outlook beyond the next few months.

The significance of this report depends on the decisions, official reactions or confirmation that follow. The current assessment is initially based on reporting by Bloomberg.

Readers should distinguish established facts from initial claims. Practical consequences will become clearer through responses from authorities, markets or independent sources.

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