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Wrong Answer to the Right Question (guests: Russell Clark, Cem Karsan)

The Market Huddle

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How to Predict the Future Spot Price

When are we going to get Jimmy Jude back on? I need a good laugh. All right, what's our third question? Got prioritized. So the third one is if you were to go on Twitter and use the WTI futures term structure to predict the forward spot price, you'll be mocked mercilessly. Jeremy McCray tweeted an excellent animated chart that showed how poorly the curve has done for predicting future spot. But all the Twitter Illuminati are happy to look at various interest rate future curves and divine future interest rates. Why is it okay for rates, but not oil? Sometimes it would be a coach with market expectation, but really talk about it.

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