Record Saudi output; multiple nations proclaiming no output freeze; US production up most in 15 months; rig counts rising…global gdp growth plunging, China demand tumbling… Brent near $50 and WTI soaring to 6-week highs…
Sept 2016 contract contonues to soar as the roll hits…
As the short squeeze continues…
As the USDollar slides.
via http://ift.tt/2b3vVME Tyler Durden