In the oil market, you know, wev have this hyper financialized oil market, where the paper trades here are multiples of the physical market. People have been putting on a recession basket now for the last three, four weeks. And i think that's working its way into the oil markets as well, since you do have so many equity like products that are tied to oil prices and things that nature. We saw the oil prices sell off at the same time as the term structure tightened en,you know, the back gradation increased. I've gone to look back, i can't find an example of that having happened in the past. But one thing that i would tell you
MacroVoices Erik Townsend and Patrick Ceresna welcome Adam Rozencwajg to the show to discuss how the world has entered the early stages of a global energy crisis that will take many years to resolve, and he brings some absolutely fascinating insights about U.S. natural gas prices and much more. https://bit.ly/3S8nClc
Download Goehring & Rozencwajg Market Commentary Q1 2022: https://bit.ly/3S9seYA
Download Big Picture Trading chartbook 📈📉https://bit.ly/3oCJ04B
✅Sign up for a FREE 14-day trial at Big Picture Trading: https://bit.ly/2JjZR7J
Please visit our website https://www.macrovoices.com to register your free account to gain access to supporting materials