1,000 Barrels Brent for July (9 DTE) financially settled.
1,000 Barrels WTI for July (29 DTE) financially settled.
**The thesis is pretty simple:** The conflict is not over.
The market fell pretty fast after traders decided the conflict was probably over **for real for real** this time.
If that was true oil would plummet faster than the wager I put on the Sabres to win the Stanley cup (+1200).
In all seriousness, if the conflict ended the SPR release and lack of war premium would kick the bottom out on oil REAL fast.
However, my lack of faith in the current negotiating team and a reckless gambling addiction have me thinking otherwise.
**Disclosure**: I am a retail trader, not a financial advisor or oil professional.
BFLO-Retail
