The oil market’s war premium has changed shape. It is no longer primarily pricing the probability of escalation. It is pricing something slower to unwind: …
The combination of lower consumer spending, elevated borrowing costs, and a global economic slowdown could trigger a collapse in the price of crude oil.
As Christmas and the New Year approaches, pour yourself a glass of Bailey’s (or perhaps something more expensive if you’re one of this year’s crypto winners) and look back at some of the winners and losers of 2021.
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