Oil rockets as all lies, all of the time fails
War headlines today. All lies. All of the time. Last week closed out with Brent futures breaking free to $110. The curve jumped meaningfully as well. In a twist, the immediate physical market cratered. Some pretty weird arbitrage stuff is going on here. Diesel also jumped higher. Hormuz transits have fallen materially. The China oil The post Oil rockets as all lies, all of the time fails appeared…
We haven't written up this one. MacroBusiness has the full story — the link below goes straight to it.
