Oil Is No Longer Trading Like a Market ...Middle East

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Oil Is No Longer Trading Like a Market
source : OILPRICE ( Middle East ) () 95
The oil market is heading into unknown spaces. To paraphrase Starship Enterprise, “Oil markets ('Space' the final frontier. These are the voyages of the starship Enterprise. Its 5-year mission: to explore strange new worlds, to seek out new life and new civilizations, to boldly go where no man has gone before”. As we can now see, there is a moment in every crisis when the language of markets, which is normally based on price discovery, marginal barrels, and supply-demand balance, quietly but dangerously stops making sense. For the oil…

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