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Oh No... The Oil Markets JUST BROKE
Oil prices are absolutely soaring...AND CRASHING. Yes, at the same time. The main US petroleum benchmark surged by a whopping $11.42 a barrel on Thursday alone, the last trading day before the Good Friday holiday. And one key benchmark clocked in above $140. Yet, the rest of oil futures aren’t soaring at all. In fact, contracts for oil early next year are under $70 per barrel right now - more importantly they’ve been falling for a couple weeks already.
Eurodollar University's Money & Macro Analysis
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