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re: Is there going to be another retraction in oil prices?
Posted on 3/18/16 at 9:45 am to TigerDog83
Posted on 3/18/16 at 9:45 am to TigerDog83
You're also seeing a lot of oil go into storage bc of contango. That spread is getting smaller so I think storage will start coming down more.
I probably have no clue what I'm talking about but it makes since in my head. I'm long USO via call spread.
I probably have no clue what I'm talking about but it makes since in my head. I'm long USO via call spread.
1
Posted on 3/18/16 at 9:56 am to b-rab2
Thanks I will check that out. The surplus keeps rising and nothing definitive has come out of China that suggest they arent heading for a recession. Add to that the huge back log of completions that are waiting to be done in all the shale fields and I have to think that we will see another dip.
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