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JN

Oil journalist believes increased open interest means increased oil prices. . . .

Jabbar in Oil Trading

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Jabbar    + 465

JN

(edited)

Doesnt mean so 

The increased volume is not all NAKED Longs

It's hedged 

I put a "Collar" on these prices. Waiting on China Trade news.

If good news goes up $2 to $4  

If bad news goes down $2 to $4.

SUNDAY'S TARIFFS DEADLINE

Guessing if Trump says deal is making progress and cancels or delays new tariffs on $160 Billion in goods . . . Will be slightly positive.  Depends on how he couches it.

If positive price may stay higher for a while but when it comes down to it TOO MUCH OIL .  .  .  .  .  and

 .  .  .  .  when Investors come to terms thst Saudis have never cut production (or exports) .  Production avg 10 million bbls/day all 2018 and 2019 per Aramco filings. 

Who do you believe .  .  . MBS and his brother ABS (Prince Abdulaziz bin Salman) the new Saudi Oil Minister or Aramco audited financial statements ?

Edited by Jabbar
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