WTI Crude Oil - May 2023 (CL2305) - To The Moon

CL2305 (WTI Crude Oil - May 2023)

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Although the Federal Deposit Insurance Corporation (FDIC) can intervene and cover bank losses, the banking sector was hard hit as the FDIC itself can run short of funds if number of banks collapse at once, because the FDIC deposit insurance fund is significantly smaller than the total deposits insured. The key question investors ask is whether the U.S. is willing to back all U.S. bank deposits after the sudden outflows contributed to the collapse of several U.S. regional banks over the past few weeks. 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