Posts Tagged ‘cushing’

Oil Shorts Squeezed As Cushing Inventories Tumble To Historic Low For January

With 22-year-old portfolio managers shorting energy stocks and commodities beyond record levels to avoid “career risk” and fund NVDA longs by jumping on the biggest bubble bandwagon since the dot.com days , the inevitable short squeeze will be a sight to behold, and according to Reuters it may have started. As Reuters energy analyst John […]

WTI Holds Gains After Small Crude Build, Cushing Just Off ‘Tank Bottoms’

WTI Holds Gains After Small Crude Build, Cushing Just Off ‘Tank Bottoms’ Oil prices surged overnight, recovering all of yesterday’s losses after EIA made substantial upward demand revisions in its monthly reports (again) to the highest in four years. This combined with renewed war premia amid continuing escalations in the middle east with further incursions by Israel […]

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