1. By a show of hands, who was surprised that the cataclysmic warnings of the weekend subsided into talk of diplomacy on Monday?
2. Let’s hypothesize the US gov’t or allies did pre-release this info to traders as a policy tool, inviting them to sell oil profitably, shaping the later price action . In a practical sense they may have brought more speculators to the short side than otherwise would have been there; is that scenario really beyond the pale?
3. News of war and sovereign relations on an international stage necessarily will test the boundaries of traditional law of confidentiality and fair practices.
2. Let’s hypothesize the US gov’t or allies did pre-release this info to traders as a policy tool, inviting them to sell oil profitably, shaping the later price action . In a practical sense they may have brought more speculators to the short side than otherwise would have been there; is that scenario really beyond the pale?
3. News of war and sovereign relations on an international stage necessarily will test the boundaries of traditional law of confidentiality and fair practices.