Higher all energy goes... what a socioeconomic catastrophe reuters.com/business/energy/ $UCO $SCO $USO $BOIL $KOLD

$FANG $XOP $USO OK so we had EXACTLY the right #'s IF you just add the higher gasoline build to ESTIMATES versus the HIGHER crude DRAW to estimates. Basically the ESTIMATES really got it EXACTLY RIGHT! Crude -5.36mm (-3.3mm exp) Cushing +741k Gasoline +2.51mm (-1.1mm exp) Distillates +1.585mm (-1.6mm exp)

Can add $USO to that since 4May20 and with current administration will continue to go up. Bullish.

Good read, thanks! Long $USO

#OPEC can very well try to appear unfazed but their influence on the global #oil market has been on a decline for quite some time. What we are seeing now is a perfect example of their waning influence. They've gone through considerable lengths with the current production deals in order to prop up the oil price. The end result is a stabilization around $50 - $60. The rebound in US oil rigs ensures that the oil price will never reach its previous highs. $OIL $UCO $USO

Excellent video analysis! I have begun to build a small position in $UWTI and $USO calls.

$GDX - $USO spread looks steep, buy Oil sell gold miners?