Wednesday, June 7, 2017

Make Self-Implosion Great Again

Rewind to last Friday...

Fast forward to today:

"The market was geared up for a bid crude-oil draw and got blindsided”

‘A 1.4 million barrel-per-day petroleum-demand drop is the kind of shift one associates with a catastrophic storm or economic plunge.’

Gamblers are still WAY too long this trade...

Fracking stocks:

"Aw fuck, not this again!!!"

Coal stock(s):

"What do you mean there's no such thing as 'clean coal'?"

It's very unusual to get a crude build in June. But don't take my word for it, from the second article above:

the “window for net draws in the U.S. in the 2017 fiscal year is “too narrow for total inventories to normalize.”

At least there's always internet stocks: