The Options Insider Radio Network

Is crude oil the new meme stock, or are we just witnessing a classic supply shock? In this episode of The Futures Rundown, Mark Longo is joined by Brett Friedman, Managing Partner at Winhall Risk Analytics, to dissect a wild week in the pits. As geopolitical tensions shift from Venezuela to Iran, the energy complex has reclaimed center stage. We break down why WTI and Brent are seeing "triple-digit" volatility levels—territory usually reserved for Natural Gas—and whether the current market madness truly is "unprecedented" or if history has a lesson for today's traders. In this episode, we explore: The Energy Surge: Why WTI and Brent are dominating the tape and what the extreme backwardation in the futures curve is telling us about the next three months. The Gold & Silver Flip: Why the "debasement trade" lost its luster just as conflict flared, and whether gold is still a "flight to quality" or just another risk asset. Volatility Reality Check: Brett compares today's markets to Gulf War I, Gulf War I