Nathan Hager

we've been seeing in the crude markets.

Stephen is the president of the energy analysis firm, The Short Group.

It's great to speak with you once again, Stephen.

Thanks for being here as we watch Brent plunge more than 4% this morning.

I think we saw a 14% drop after President Trump announced he was going to hold off on going after Iranian energy for five days.

I wonder what you make of these big moves that we've seen in your neck of the woods.

Good morning.

So when you see this kind of disconnect between the physical market and what we're seeing play out in the futures contracts, what does that tell you about where prices could be once the war gets resolved?

In the meantime, of course, we've heard from the International Energy Agency talking about this $400 million emergency reserve release from its members.

And we heard from Energy Secretary Chris Wright that the first U.S.

flows have started to come into the market as well.

How much of an impact could that have on price in the short term?

Hugely informative, Stephen.

Again, great to have you back on with us on Daybreak.

That is Stephen Shork, president of the Shork Group.

The news doesn't stop on the weekends.

And I'm Nathan Hager.

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