I feel like the oil inventory draw was bigger then they expected from the spr , #Trump needs to make a decision, give Iran what it wants and become the biggest loser to prevent a world wide financial crisis OR open the straight by force.Cclock is ticking...
$oil $uso $xle $WTI
@SilverSurfer_23 I listened to this , it was informative but from.what I'm gathering as of recently, hes calling the "tank bottom" exaggerated. Seems like he did a 180
@cello2econ@FryThomas@PauloMacro spr didnt exist back then. Im also sure commercial storage is larger too. It will be a shock , not a slight rise. Unlike the embargo , some ships at sea also are carrying fuel with delays in delivery. Thats probably counted as supply even tho its not reaching the consumer.
@FryThomas@PauloMacro This is interesting, did you experience the embargo ? Was the complacency lulling people into a fake sense of security like now ?
This just continues to be ignored and left for dead, all while it coils and coils and coils. You know what happens next, this will fly and pay handsomely on IV expansion and price expansion. Me-guess in the next 1 or 2 weeks !
$cag #conagra