Why Oil Is Not At All Time Highs (The Cestrian Circle Newsletter)

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Prices Trump Reality, Always

by Alex King, CEO, Cestrian Capital Research, Inc

As you will have noticed, if you buy anything which involves oil - in other words if you buy anything at all - prices of such things are up, because oil prices are up.

Oil prices are up because an estimated 40% of global oil producing, refining and transport capacity is currently impacted - remember it’s not just the war in the Gulf, there is also the successful bombing of Russian facilities by Ukraine and in addition there are a number of refineries on fire around the world for seemingly unconnected reasons.

But financialized oil is falling.

Let’s get into it. To keep reading this note, you need to be a paid member of our Cestrian Circle or Inner Circle services. You can sign up at the paywall break below, or if you’d like some help working out which service is right for you, drop me a line personally at alex.king@cestriancapital.com.