The Market Is Breaking... Everywhere
Apr 20th 2020 4:00pm EDT
The Market Is Breaking… Everywhere Today was historic… …for a number of reasons. 1) Front-month oil traded at an utterly irrational and unprecedented negative $43 intraday (this was not about storage into settlement, this was forced selling into settlement, then notice the bounce, and then later more selling.) 2) Oil’s prompt-spread exploded to a record […]
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