Is The War Premium Gone For Good? Goldman's Commodity Desk Says Oil Options Haven't Got The Memo

The midterms did what months of diplomacy couldn't.

When Brent fell 10% to near $93 on Wednesday after the Democratic sweep, it was crude's steepest one-day drop since April, capping what ZH dubbed the "Blue-nami" and a week in which hedge funds puked $6.6 billion in Brent before the vote was even counted.

A Tale Of Two Freight Markets