Posted 3/11/2024 12:25 (#10661356) Subject: crude oil and short covering
South central kansas
“Based on minimum short positions over the last ten years, funds probably have fewer than 10 million barrels left to buy back.”
“But massive short covering has lifted front-month WTI prices by less than $11 per barrel in the last three months. In real terms, prices are almost exactly in line with the inflation-adjusted average since the start of the century”
crude oil and short covering
