The Pomp Letter
The Pomp Letter
Oil Went Negative Because Nobody Wanted It 🤔
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Oil Went Negative Because Nobody Wanted It 🤔

To investors,

Many market participants got a reminder of how supply and demand works yesterday. The price of oil fell from about $10 at the start of the day to almost NEGATIVE $50. The US crude oil prices have soared this morning to reach negative $5 (lol). This is all quite shocking since oil started the year at over $60 a barrel.

The first question I k…

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