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Episode 77: Live from IE Week: The battle for fundamental fair value in an age of geopolitical disruption
In the latest episode of Trade with Conviction - live from IE Week in London - the team unpacks the growing disconnect in global energy markets: clear signs of a crude glut, yet spreads remain stubbornly backwardated as geopolitics and sanctions keep traders on edge.
Chapters:
(00:17) Oil glut vs geopolitical premium
Is the surplus real? Heavy crude weakness, inventory builds, and why spreads refuse to break.
(10:38) How important are fundamentals today?
The team discuss the decrease in importance fundamentals in the market and what’s driving these changes.
(14:12) Sanctions, trade deals, and…
The skinny
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