The Only Way Out Is Through | Weekly Roundup

About this episode

Can anything stop oil's run when the SPR is already drained? This week, we dig into why the oil squeeze is becoming structural, not just a Strait of Hormuz story. We explore the oil curve trade, the Brent–WTI gap, tightening financial conditions, and crypto's slow bottoming process. Enjoy! TIMESTAMPS: 00:00 Markets In Turmoil, Round Two 01:25 Bonds Rip As The Nasdaq Drops 3% 02:29 Oil And Bonds Break Up 05:23 Why Nobody Wants The Oil Bull Case 09:45 Reading The Oil Curve 12:38 Ads (Fidelity, DAS London) 13:50 Brent–WTI Gap Hits Wartime Highs 16:33 Diesel, Cracks & Maxed-Out Refineries 20:30 The Only Way Out Is Through 23:13 AI Capex Doubts Meet Tighter Conditions 29:18 Ads (Fidelity, DAS London) 30:36 Midterms, Iran & No Plan 36:07 No SPR Left To Cap Prices 39:56 Do Shipping Costs Cap Oil? 44:19 Is Crypto Bottoming? 54:06 The Midterms Risk For Crypto FOLLOW THE SHOW › Forward Guidance – https://x.com/ForwardGuidance › Felix – https://x.com/fejau_inc › Quinn – https://x.com/qthomp › Telegram – https://t.me/+CAoZQpC-i6BjYTEx › Blockworks – https://x.com/Blockworks SPONSORS › Fidelity Crypto was built in-house with over a dozen years of crypto