Eurodollar University While Everyone’s Focused On CPI - The Oil Market Just Did This
Dec 13, 2023
The podcast discusses the significance of focusing on the energy sector over the Federal Reserve and CPI. It explores the decrease in oil and gasoline prices, the concept of Contango in the WTI futures curve, and the contradiction between supply cuts and Contango in the oil futures market. The extensive weakness in the oil market, including spreading Contango, is analyzed along with its implications on the global economy, highlighting the decline in demand worldwide.
Chapters
Transcript
Episode notes
1 2 3 4 5
Introduction
00:00 • 2min
Decreasing Gasoline and Oil Prices with Expanding Contango
02:12 • 3min
Contradiction between Supply Cuts and Contango in the Oil Futures Market
04:46 • 3min
Weakening State of the Oil Market
07:18 • 8min
The Implications of the Contango Signal on the Oil Market and Global Economy
14:51 • 4min