043 Exchange Invest Weekly

Exchange Invest · May 1, 2020 · 16m

Transcript

Cushing we have a problem. This was the week where a West Texas Intermediate settlement issue became the biggest burning factor in the parish without a single barrel going up in smoke, as we record somewhere out there in exchange traded derivatives land for at least half a billion dollars in unaccounted losses floating around the system. That's before we start thinking about China and the rest of the world and the Exchange Traded Products business. These were accrued as a result of the meltdown settlement when oil prices went negative, exacerbated by a problem some had been…