Midterms strip out the war premium, but the next two months make shorts a risky bet
Crude futures have just posted their sharpest sell-off since 2020. Brent fell 16.6% between the 30 October peak and 4 November. On that day the January contract settled at $94.62/bbl after an $8.98/bbl drop. The trigger was the Democrats’ sweep of both chambers of Congress, which the market read as raising pressure on Washington to ...
We haven't written up this one. Hellenic Shipping News has the full story — the link below goes straight to it.
