Haymaker Daily

Stock Market Heading For A Crude Awakening?

May 15, 2026

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Oil prices are unquestionably extremely extended. However, considering that there has been a 12-15% loss of global supply as a result of the closure of the Strait of Hormuz, the price spike could be much worse than it has been thus far. Despite this being the greatest hit to available oil in history, the drawdown of accumulated inventories has, to this point, significantly blunted the impact.

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