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Crude Oil Curve
The May crude oil future is going rogue. This feels a lot like the March/April 2020 market, but in reverse. In 2020, the initial sell off occured in early March. The market spent a month working out COVID headlines, and the bear market eventually ended with the May contract trading over $40.00 below zero, while the June and July contracts didn't trade much below $20.00 (positive $20, not negative). #crude #crudeoil #IranWar #oil #markets #commodities