Jet fuel hitting $200/bbl while oil futures trade in fantasy land.

The disconnect is insane. Refiners are getting squeezed, airlines are bleeding, but WTI/Brent charts don't reflect reality.

This is what happens when paper markets decouple from physical supply. Derivatives traders playing games while real-world energy costs explode.

Watch for:

- Airline earnings misses

- Refining margin compression

- Potential crude rally as the gap closes

Futures manipulation isn't a conspiracy when the spread screams it. Physical delivery always wins eventually.