A Primer on How Oil Has Reflected Macro and Geopolitics

<p><em><span style="font-weight: 400;">This episode is sponsored by</span></em> <a href= "https://nexo.io/security?utm_source=coindesk&utm_medium=fixed&utm_campaign=coindesk_podcast_jul22"> <em><span style= "font-weight: 400;">Nexo.io</span></em></a><em><span style= "font-weight: 400;">,</span></em> <a href= "https://www.chainalysis.com/coindesk"><em><span style= "font-weight: 400;">Chainalysis</span></em></a><em><span style= "font-weight: 400;">,</span></em> <a href= "https://ftxusapp.onelink.me/LKX9/breakdown"><em><span style= "font-weight: 400;">FTX US</span></em></a> <em><span style= "font-weight: 400;">and</span></em> <a href= "https://near.org"><em><span style= "font-weight: 400;">NEAR</span></em></a><em><span style= "font-weight: 400;">.</span></em></p> <p> </p> <p><span style="font-weight: 400;">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. </span></p> <p><em><span style="font-weight: 400;">-</span></em></p> <p><a href= "https://nexo.io/security?utm_source=coindesk&utm_medium=fixed&utm_campaign=coindesk_podcast_jul22"> <strong><em>Nexo</em></strong></a> <em><span style= "font-weight: 400;">is a security-first platform where you can buy, exchange and borrow against your crypto. The company safeguards your crypto by relying on five key fundamentals including real-time auditing and insurance on custodial assets. Learn more at</span></em> <a href= "https://nexo.io/security?utm_source=coindesk&utm_medium=fixed&utm_campaign=coindesk_podcast_jul22"> <em><span style= "font-weight: 400;">nexo.io</span></em></a><em><span style= "font-weight: 400;">.</span></em></p> <p><em><span style="font-weight: 400;">-</span></em></p> <p><a href= "https://www.chainalysis.com/coindesk"><strong><em>Chainalysis</em></strong></a> <em><span style="font-weight: 400;">is