Wednesday, February 24, 2016

Oil, volatility, and keepitintheground: St. Louis Fed: Financial Markets Are Saying Oil Will Be Worthless by mid-2019

St. Louis Fed: Financial Markets Are Saying Oil Will Be Worthless by mid-2019

This does not mean that oil will be worthless, but that financial markets are acting as if the oil price is going one way, and futures traders (who buy oil based on what they think the price will be in the future) are acting another way.  Point being:  we don't know what's going to happen and markets sure don't have the last word.