USO Closes Above 12 For The First Time In 2016
A lot of analysts think that $50 a barrel oil is as good as it gets for 2016. We think there is a substantial short squeeze coming in the oil market as we take out $54 a barrel over the coming months. We take a look at the EIA Weekly Petroleum Report in this video, and provide some analysis to the weekly data.
(Video length 00:08:27)
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