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Whiplash

Physical crude slumps on stop-outs; futures stay bullish, but spreads may correct as weak demand meets firm paper positioning.
Published: February 24, 2026
Written by:
Vincent Wu

Vincent Wu

Research Associate, Flux
Vincent Wu
and
Donna Dong

Donna Dong

Research Analyst, Flux
Donna Dong
Reviewed by:
Mita Chaturvedi

Mita Chaturvedi

Research Associate, Flux
Mita Chaturvedi
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Dated Brent was extremely bullish until it was not.

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