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They took CL into backwardation and $CL_F over $50 with talking heads all excited – you read it it is based much to with falling production in US for Q2 – that hasn’t happened – so more OPEC storytelling
So now they bothered to read it … charts from Javier @purpurato 12m12 minutes ago
#OPEC the rise of goildzillla
OPEC achieves one thing – gets the shorts covered and new long bulls in and then disappoints as it only can with so many fingers, so much oil and to be so wrong for so long.
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