Walter Bloomberg and The Kobeissi Letter stress that oil is surging amid war risk while the U.S. is not planning SPR releases, reinforcing the idea that supply buffers may be limited.
U.S. IS NOT ENGAGED IN ANY DISCUSSIONS TO RELEASE ADDITIONAL CRUDE OIL FROM STRATEGIC STOCKPILES
Prior to today's massive rally in oil prices traders poured a record $977 million into levered short oil ETF, $SCO.
Now, reports of President Trump "winding down" the Iran War
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