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May 2, 2017

Short Squeeze in the Oil Market (Video)

By EconMatters

We discuss the oil market in this video, with the API (American Petroleum Institute) numbers out after the close, we got a bullish oil inventory report, and if the EIA Report from the Department of Energy confirms the API numbers, the oil market is positioned quite bearishly right now which could set the stage for a nice short squeeze. Watch the Gasoline Numbers tomorrow, a drawdown with a stronger demand number given where RBOB prices are leading up to the heart of the Summer Driving Season could spark a furious short squeeze in the entire petroleum complex.

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Item Reviewed: Short Squeeze in the Oil Market (Video) Rating: 5 Reviewed By: EconMatters