The Kobeissi Letter
The Kobeissi Letter|1月 04, 2026 23:17
There it is: Natural gas prices are now down -6% just 15 minutes after futures opened for the first time since Maduro was captured. And, oil prices are back below $57/barrel and nearing their lowest levels since 2021. In just about ALL major escalations of geopolitical tensions with oil producing countries, energy prices typically RISE. Why is it different this time? Because the US taking control of Venezuela is set to bring MORE oil and natural gas supply to the market. The market knows that this weekend's events will ultimately result in the opposite of a supply disruption. The market is never wrong.(The Kobeissi Letter)
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