193: Greg Newman – Dynamics and Themes Impacting the Global Oil Market
Chat With Traders
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Brent Futures: A Derivative of Supply and Demand
Brent futures as an example have been very weak since the move down on that weekend a few weeks ago. Since then it's been very difficult to break below $25 per barrel. That doesn't really make much sense in a supply and demand basis. But this is the key thing. The futures aren't a reflection of supply and demand. They're just one price.
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