The most fascinating thing about this is how oil futures markets were able to capture this while the media was endlessly blasting stories about oil shortages.
Anyone paying attention to oil prices since the start of the war has been confused about the total disconnect between oil future and the existential situation on the ground. Even the media seemed mystified by this.
Anyone paying attention to oil prices since the start of the war has been confused about the total disconnect between oil future and the existential situation on the ground. Even the media seemed mystified by this.
Well, now we all know the answer.