That's what Ira Einhorn, noted murderer, was trying to celebrate.
Spreading your way out of a May contract delivery problem means you rolled your same, very expensive, problem into another contract further down the road. Same problem, different delivery date. I haven't looked at Open Interest at the ICE, but from the way it's trading today and yesterday, most of it was rolled into the June contract, a k a "top step" or "front month". I want to know who took the otherside of Monday's payoff and delivery. That was the home run trade.
Air cover for Saudi's mullah putsch is on station, if needed.
Jacobites again?
The political left, and the MSM supporting their narrative - relies on sound bite sized headlines to convince most readers/listeners. There are few references to the actual study - reading their promoted/published/broadcast material reveals confounded explanations & wildly conflated conclusions.
After spending more than a decade proctoring & editing scientific studies for publication, two areas ALWAYS contain errors: assumptions and conclusions. Correlation is not Causation.
Any sentence that begins with "clearly" is suspect. A priori assumptions run rampant.