“The war oil spike was a head fake, with the US and G7 able to flip a switch and reopen shipping, the price crashes right back down.”
“to be fair, I did think that oil futures are a fade, but I'm also aware that the negative convexity of that trade is so extreme that I could get financially wiped out trying to make 20% on my dollar. So I didn't do that”
Prices are point-in-time snapshots from the named provider. The verdict compares the return since entry against the band above.