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Is There a Squeeze in the Oil Market?
It feels like the market at the moment, you know, obviously the commodity space is very financialised. There are a lot of traders, such as yourselves who deal in these things but it feels like the physical is becoming much more important. And i've seen some people talk about the potential for a squeeze in the april contract, sort of the reverse of what we saw in march or april of 20 20, when oil went negative. Maybe there won't actually be enough oil to deliver into these contracts this time around. So i'm just wondering how you're thinking about how the physical relates to the actual trading at the moment.