Reposted by Kathy Vickers
Diesel futures fell after Trump announced a “massive” European oil release.
Then traders read the actual G7 statement, and the entire price move vanished.
Turns out the massive release was mostly a PR stunt. newsletter.platypuseconomics.com/p/…
newsletter.platypuseconomics.com
An Agreement to Agree About an Earlier Agreement
Read the G7 communiqué closely and the "new" 100 million barrels turns out to be leftovers from March.