Reality of the Crude Trade Will Come to a Head Around Midterms

By Lori Ann LaRocco – The price of crude is not reflective of the supply reality in the Middle East, and based on crude trade data, the runway left for this crude reality can be felt by the U.S. midterms.

Oil is down below $90 because there have been no military strikes or attacks in a handful of days. Not because of hard supply facts.

Trade takes time to flow.

The last regular cadence of oil out of the Port of Yanbu left seven days ago. It will take weeks for that oil to arrive at its final destinations. The