This is absolutely insane:
The world is quite literally facing what appears to be the largest energy crisis in history.
US crude oil futures are now trading at a $20+/barrel DISCOUNT to Brent, also one of the largest on record.
As the US increases production and taps into
The Kobeissi Letter claims a severe global energy dislocation: US crude futures trading at a large discount to Brent while Europe faces surging gas and physical crude costs, with knock-on claims about repriced 2026 rate expectations and inflation pressure.
