Post by
WINDGOD46 on Dec 03, 2021 10:38am
Another short squeeze?
It seems so; after so much shorting hoopla and catastrophic rhetoric disseminated by the crime syndicate and its followers, shorts et al. Shorts were expecting that if OPEC+ would not cut back production, WTI would plunge in the depths of hell. Well, one more time the prophets of doom and gloom were proven wrong. OPEC+ did say we'll raise the Jan, production by 400bd, but focusing on the detail, they said that that was conditional on the pandemic situation and could be adjusted accordingly, meaning that the production cut back was on the cards. Well, what do you know.