Raspberry Locust
@sarasage.bsky.social
Here to follow art, Dodgers and international markets.🏴☠️
Crude is trading ~$56/barrel. If you take the median of 40M, the market value of this tranche is $2.25B, for a product where there is currently glut. I do not get this. Control of supply? The math does not make sense on its face. Oh. Also, it is not our oil.
January 7, 2026 at 7:31 PM
Crude is trading ~$56/barrel. If you take the median of 40M, the market value of this tranche is $2.25B, for a product where there is currently glut. I do not get this. Control of supply? The math does not make sense on its face. Oh. Also, it is not our oil.