Disruptions to global oil supply have sent futures markets into backwardation, a bullish pattern where near-term prices trade above longer-dated ones. What factors could alleviate this unusual futures pattern, and what’s the outlook for the consumer struggling with increased prices at the pump? Presented by @CME Group: https://www.cmegroup.com/openmarkets/economics.html?utm_source=youtube&utm_medium=paid_social&utm_campaign=quicktake_evergreen&utm_content=more_insights
2 Comments
My channel can do better than this, otherwise it's a nice video
Oil market. Pelosi, turtle man and the rest are making up for the lost revenue when Trump was president and oil was 10 bucks a barrel or less. So while you're paying outrageous prices for gas rest assured the people in DC are cleaning up and living a better life for it.