[WSJ] $133 vs. $99. What Is the Real Price for a Barrel of Oil?
https://www.wsj.com/finance/commodities-futures/oil-prices-futures-physical-3c0e0ca8?st=KJHSbA&fbclid=IwZXh0bgNhZW0CMTAAYnJpZBExR0ppNEgwVWI4Tk94Q3hiN3NydGMGYXBwX2lkEDIyMjAzOTE3ODgyMDA4OTIAAR7wvYX-v7S_EmEa73WzNkKckXExhE_Bim8IZ3EHyEa_g4kCxkA3QiBtM0kHOQ_aem_ruTnrxV9NFr1jL-02XTpUw
Posted by ary31415
4 Comments
mainstream media is like, “hm.. is the narrative we’ve been regurgitating not aligned with reality?”
Both are real prices 🤷♂️
Posting a link to a paywalled article with no commentary is not terribly useful.
Lets play Devils advocate, what if the real price is indeed closer to 90 than 130 ?
Maybe the GCC countries and the US have something to rapidly rebuild refining capacity, or maybe Iran doesnt have the capacity to continue this conflict due to some reason… We know refining is tough to kill (Citing Russian refining), we also know the Gulf countries will pump extra to regain the confidence they lost during this period, or worst case scenario some largescale economic disruption leads to demand dissruption.
There are multiple good reasons as to why the 90 dollar price is highly justified, ‘Manipulation’ has some limits to explaining the massive 30 dollar delta. After all, of the many ways most countries can manipulate the global price of inelastic commodities shorting it is low on the list.