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May 25, 2016

USO Closes Above 12 for the First Time in 2016 (Video)

By EconMatters



A lot of analysts think that $50 a barrel oil is as good as it gets for 2016.  We think there is a substantial short squeeze coming in the oil market as we take out $54 a barrel over the coming months. We take a look at the EIA Weekly Petroleum Report in this video, and provide some analysis to the weekly data.








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Item Reviewed: USO Closes Above 12 for the First Time in 2016 (Video) Rating: 5 Reviewed By: EconMatters