Oil: Pain, Volatility, Disruption | S6 E36

All of last week, Brent futures were comfortably trading at $85/bbl. Now (at time of recording), they're trading around $82.50/bbl. There is a definite bearish turn to the rangebound wave we were in last week. WTI has seen more bullish interest, and it's just entered negative handles in CTA data. WTI also sold off aggressively on 19th July from $81/bbl to $78/bbl. Volatility has also risen significantly for both Brent and WTI - especially in comparison to low volatility all year. ...