Post #1385908

FT: “Forties Blend, a North Sea grade, soared close to $149 a barrel on Monday, above the highs reached on the eve of the 2008 financial crisis, according to LSEG data. This is an uncommonly large premium over the price of Brent crude futures, which are trading at about $100 a barrel, and reflects refiners’ desperation to secure supplies." Can't say I understand how commodity futures work but if they're this detached from the ground truth I would imagine defaults are incoming