# Does the market know anything about oil?

An episode of [Unhedged](https://invisiblenetwork.ai/podcast/1691284824), 18 Aug 2026, 23 min.

Audio: https://sphinx.acast.com/p/open/s/6478a825654260001190a7cb/e/6a84b771a835875d375e46f7/media.mp3

US reserves are the lowest they have been for many decades. Today on the show, Katie Martin and the FT’s Energy Editor Malcolm Moore try to figure out why the market has remained calm and if it will finally freak out. Also they go long Bank of America chief executive Brian Moynihan’s vocabulary and short the sun. Save 10% on tickets to the London FT Weekend Festival with the code FTPodcast. Visit ft.com/festival to find out more. For a free 30-day trial to the Unhedged newsletter go to: https://www.ft.com/unhedgedoffer. You can email Robert Armstrong and Katie Martin at unhedged@ft.com. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

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