Oil Panic-Buying Continues
Record Saudi output; multiple nations proclaiming no output freeze; US production up most in 15 months; rig counts rising...global gdp growth plunging, China demand tumbling... Brent near $50 and WTI soaring to 6-week highs...
Sept 2016 contract continues to soar as the roll hits...
As the short squeeze continues...
As the USDollar slides.
Disclosure: None.
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Thanks for sharing Tyler.