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Last night, I sat down with Gregor Macdonald and he explained the relatively large price difference between West Texas Intermediate and Brent crude. He covered the economic, geographic and geopolitical forces at play here and the conversation is value added for those who are trading these markets ($CL_F) or examining the spreads.
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I had the pleasure of chatting with Jeff Carter last night on Market Shrinkology. He is all over the commodities trades which are going bizonkers presently.