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Commodity analysts at Standard Chartered have pointed out that the price undershooting was the consequence of markets being dominated by a combination of extreme macroeconomic pessimism; speculative shorts and over-enthusiastic algorithmic trading ....
(Bloomberg) Trading oil has perhaps never been more of a roller coaster ride than it is today.Most Read from BloombergBanking Escapees Make Billions From Private Credit BoomTesla’s Cheapest Cybertruck Will Cost $60,990 and Be Available in 2025These Are the World's Most Expensive Cities to Live In Right NowSaudi Arabia Offers Iran Investment to Blunt Gaza WarBiggest Blowout in Bonds Since the 1980s Sparks Everything RallyJust in the past two months, prices threatened to reach $100 per barrel, ....