RE:WTI up today!As we know Brent net oil short positions exceeded long for the first time in history. Yet they were only able to depress prices by about $10 to $69 and not sure if that signals a bottom as anything can happen. But at some point those shorts will need to unwind their positions and buy. This can happen rather quickly if there is bullish news which can cause prices to rise and trigger a short squeeze. So expect continued volitility, perhaps some sustained higher prices in the short term.
GLTA CJ holders