# UBS On-Air: Paul Donovan Daily Audio 'Oil prices—past, present, and futures'

Page: https://stenobird.com/podcast/ubs-on-air-market-moves-2992243/ubs-on-air-paul-donovan-daily-audio-oil-prices-past-present-and-futures
Text version: https://stenobird.com/podcast/ubs-on-air-market-moves-2992243/ubs-on-air-paul-donovan-daily-audio-oil-prices-past-present-and-futures.md
Podcast: [UBS On-Air: Market Moves](https://stenobird.com/podcast/ubs-on-air-market-moves-2992243)
Published: 2026-06-25T06:30:00+00:00
Episode link: https://www.ubs.com/content/dam/podcasts/wma/260625-oil-prices-past-present-and-futures.mp3
Audio file: https://www.ubs.com/content/dam/podcasts/wma/260625-oil-prices-past-present-and-futures.mp3
Processing state: not_requested
JSON: 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
Duration seconds: 170

## Resource

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.

## Actions

- request_transcript: `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.
- read_markdown: `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.

A page view does not enqueue transcription. Agents should invoke `request_transcript` explicitly when they need this episode processed.

## Transcript

Full transcripts are not published on public pages unless there is a clear rights basis.