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A Primer on How Oil Has Reflected Macro and Geopolitics

From negative prices in 2020 to a major driver of inflation of 2022, oil is a key geopolitical and economic player.

August 12, 2022
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This episode is sponsored by Nexo.io, Chainalysis, FTX US and NEAR.

On today’s episode, NLW provides a primer on the recent history of oil markets. He looks at how oil went from trading in negative territory in April 2020 to being a massive contributor to 2022’s inflation. Finally, he explores how oil reflects political realignments that will shape the world in the years to come.

“The Breakdown” is written, produced by and features Nathaniel Whittemore, aka NLW, with editing by Rob Mitchell and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsors is “The Now” by Aaron Sprinkle. Image credit: sesame/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.