Episode
UBS On-Air: Paul Donovan Daily Audio 'Oil prices—past, present, and futures'
- Podcast
- UBS On-Air: Market Moves
- Published
- Jun 25, 2026
- Duration seconds
- 170
- Processing state
not_requested
Actions
POST https://stenobird.com/v1/public/podcasts/ubs-on-air-market-moves-2992243/episodes/ubs-on-air-paul-donovan-daily-audio-oil-prices-past-present-and-futures/transcription-requests
Idempotently request low-priority transcript generation for this episode.GET https://stenobird.com/podcast/ubs-on-air-market-moves-2992243/ubs-on-air-paul-donovan-daily-audio-oil-prices-past-present-and-futures.md
Read the agent-friendly Markdown representation of this episode resource.
Summary
Crude oil futures reached pre-war levels, anticipating future oil flows through the Strait of Hormuz. Current oil flows are only a fraction of pre-war levels, and oil refineries refine actual oil, not hypothetical future oil. Consumer (refined) gasoline prices in the US remain around a third higher than pre-war prices (in the UK, petrol prices are around 10% higher, reflecting different tax structures). Prices should fall over time, but the potential political cost has provoked the ire of US President Trump.