Reaction
Oil Prices Remain High Amid Geopolitical and Inflation Concerns
Oil prices remained elevated, while a market commentator says commercial traders pared short positions despite rising crude prices.
TLDR
A market commentator says COT data shows commercial traders paring short positions in crude futures even as prices rise, a pattern he thinks signals further gains. Another post points to reported attacks on three Russian refineries and warns that an energy shock could contribute to a yen carry-trade unwind. It says actual refinery production losses remain unconfirmed.
Combined views
14.1K
2 Sources, first seen ago
