Decisions made in one-off scary or stressful moments are often affected by our emotions, writes Chris Justham. Here he shares an oil-related investment scenario which proves just that...
Recent world events have brought the price of oil back to the fore. And it just happens to coincide historically with one of my favourite oil-related market anomalies. Back in 2020, when we were constrained to our houses, bingeing on Zoom quizzes and debating whether a scotch egg constituted a meal, something odd happened in the world of commodities. On 20 April 2020, the price for of the West Texas Intermediate Crude Oil contract went negative. Yes, for the first time in history, oil producers were paying buyers to take oil off of them, out of fear that storage would run out. Alt...
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