So all of these oil futures traders are buying 80$ oil futures. The actual physical price of a barrel is $150+ and the Strait of Hormuz is still closed and doesn't seem it will open any time soon. What happens now? I don't understand finances and futures because I am completely lost as to why someone would bet on $80 a barrel futures.They have to know something we don't, right? Someone who makes a living on commodity futures wouldn't look at the current situation and think that in one month supply will be back to normal.
>>62139557they're trying to suppress the price as long as possible. short squeeze will happen and those two prices will converge making oil go up as they have to buy back at the 150+ price.
