Wall Street is bullish on oil. So why are prices falling?
Discrepancy between futures markets and forecasts shows how uncertainty and volatility make projections difficult
After authorizing the largest release ever from the U.S. emergency Strategic Petroleum Reserve, the Biden administration is signaling it will soon try to refill the stockpile. WSJ explains how this strategy can lower gas prices, and why some are skeptical that it will work. Illustration: Ali LarkinMany oil traders and analysts believe prices over the coming months will far exceed those at which crude can be bought in the futures market now.
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