Sign in to follow this  
Followers 0

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

Recommended Posts


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.


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
  • Like 1

Share this post

Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

You are posting as a guest. If you have an account, please sign in.
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Sign in to follow this  
Followers 0