Part of the problem is that most futures traders simply don't take delivery of the oil, selling before their contract expires.
"The futures and spot prices are rarely exactly the same, but the gap between them has grown unusually big in the past few weeks, so much so that oil executives and analysts say futures prices no longer accurately reflect the extent of the supply shock that the world is experiencing."
Thanks Lena for the update. Unlike Germans, Americans generally don't save, but somehow investments in stocks and such are involved. In terms of saving, some of us(such as me - lol) try not to spend too much.
Some Notes:
March Inflation jumped 3.3%(Core inflation jumped 2.6%)
March prices jump
fuel oil 44.2% - "disruption of the global oil supply as the result of Trump's attack on Iran" Closure and disruption of major chokepoint - The Strait of Hormuz of which about 20% of the world's oil flows "sent shockwaves through energy markets" and additionally if the global oil supply declines it will send the oil prices higher than they are [as of this video]...Airline fares surged nearly 15% compared to a year ago.
Gasoline prices jumped 18.9%
Uncharacteristically we have real wages falling with the rising inflation..."consumers are forced to cut back, which can slow economic growth, and weakens overall economic demand."
Thanks, Lena. The futures price of crude oil is actually disconnected from the actual physical price of crude, primarily during a crisis. Here's a NYT story link: https://www.nytimes.com/2026/04/10/business/energy-environment/iran-oil-prices.html
Part of the problem is that most futures traders simply don't take delivery of the oil, selling before their contract expires.
"The futures and spot prices are rarely exactly the same, but the gap between them has grown unusually big in the past few weeks, so much so that oil executives and analysts say futures prices no longer accurately reflect the extent of the supply shock that the world is experiencing."
Thanks Lena for the update. Unlike Germans, Americans generally don't save, but somehow investments in stocks and such are involved. In terms of saving, some of us(such as me - lol) try not to spend too much.
Some Notes:
March Inflation jumped 3.3%(Core inflation jumped 2.6%)
March prices jump
fuel oil 44.2% - "disruption of the global oil supply as the result of Trump's attack on Iran" Closure and disruption of major chokepoint - The Strait of Hormuz of which about 20% of the world's oil flows "sent shockwaves through energy markets" and additionally if the global oil supply declines it will send the oil prices higher than they are [as of this video]...Airline fares surged nearly 15% compared to a year ago.
Gasoline prices jumped 18.9%
Uncharacteristically we have real wages falling with the rising inflation..."consumers are forced to cut back, which can slow economic growth, and weakens overall economic demand."