Tuesday, March 8, 2022

Side-By-Side -- Oil Futures -- Before -- After -- Biden Ban -- March 8, 2022

Look at the huge jump in April and May. Again, these are not the spot prices we will see in April and May, but rather what traders today are willing to pay for guaranteed delivery in April and May. I doubt they are looking to take a loss.

Due to my low-budget graphics department, the lines don't quite line up so by the bottom of the chart, "we're off" by one line. Deal with it.

If I had a subscription revenue stream, I might be able to afford a graphics artist. Futures.

No comments:

Post a Comment