Cushing Oil Inventories Are Soaring Again
By Tsvetana Paraskova - Nov 21, 2020, 12:00 PM CST
https://oilprice.com/Energy/Energy-General/Cushing-Oil-Inventories-Are-Soaring-Again.html
Crude oil inventories at the Cushing storage hub in Oklahoma are approaching the high levels seen in April when limited storage capacity amid crashing demand contributed to the plunge in WTI Crude prices into negative territory. Cushing is the designated delivery point for NYMEX crude oil futures con
Oil Facing Huge Short Squeeze As Props, HFTs Build 470MM Barrel Short Position
https://www.zerohedge.com/commodities/oil-facing-huge-short-squeeze-hfts-build-470mm-barrel-short-position
We have previously discussed the unprecedented build up of net shorts in "ultra", or long-dated Treasury futures, which as recently as a few weeks ago hit a record, and has since tightened modestly following the recent decline in US yields. As we discussed before, a major reason for this huge net short