Oil-Net-Short-For-First-Time-in-History.html

[billanole]

OK. Any takers?
Brent crude is in the low $70’s.

Oil Net Short For First Time in History | OilPrice.com

For the first time ever, the paper market for Brent crude is "net short."

oilprice.com

 

[QChawks]

I noticed most places back under $3 around here

It never comes down as fast as it goes up though

 

[hydro2.0]

I noticed most places back under $3 around here

It never comes down as fast as it goes up though

Your wife says the same thing about me.

🔥🔥🔥

 

[artradley]

Your wife says the same thing about me.

🔥🔥🔥

This is a significant breach of HORT protocol. These posts should only be directed at the OP, and should involve mothers; not spouses.

Without rules there is chaos.

 

[hydro2.0]

This is a significant breach of HORT protocol. These posts should only be directed at the OP, and should involve mothers; not spouses.

Without rules there is chaos.

Welcome to Thunderdome!

 

[markfromj]

It never comes down as fast as it goes up though

Source?

 

[MitchLL]

Ankeny, yesterday...$2.64.

 

[bunsen82]

Read an article the other day, where there is extremely low speculation on the oil market, particularly of individual investors. Add in the forecast for oil looks bad. China can just not get out of their way, demand is down there as well as a slowing economy in the US. While oil has continued to increase production, the next 6 months there will be a build of oil reserves. Structurally the next 6 -12 months look rough. I will be keeping an eye on the sector, I am honestly more interested in the natural gas market, if that bottoms out, may take another look at AR, they are unhedged, so when market enters a downturn, they will feel it more, when it turns up they take advantage of the higher prices.