Oil Markets on Sick Leave as 2022 Comes to a Close

Author: Brynne Kelly 12/11/2022

The Bull Market is very sick. It's been sick before. Every time price got hit these past few months, the side effects never really spread past flat price. Other parts of the market structure remained healthy despite price drops. Calendar spreads held. Backwardation held. Cracks, WTI/Brent and regional spreads like Midland/…