It is like the market believes in magic. That makes Brent 2027 such a bargain

IEA Proposes Largest Ever Oil Release From Strategic Reserves (WSJ).

Brent up 3. 3%.

Doesn’t look like the oil market thinks that ”largest ever” release of strategic reserves will help much against current crisis.

Brent up 4% to $91.

3/b.

Buy Brent 2027 at close to ”neutral price”.

Brent crude for year 2027 is trading at $71.

6/b.

That is.