Article 5WMED How a wrinkle in the oil futures market has clogged America's oil pump

How a wrinkle in the oil futures market has clogged America's oil pump

by
Paddy Hirsch
from NPR: Planet Money on (#5WMED)
pump-jack-gcbc6af1bf_1920_wide-e8ea2ac93

The U.S. is still the largest producer of oil, but we're a long way from pumping what we were before the pandemic. Blame backwardation.

(Image credit: Pixabay)

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