Crude oil is fucking surging—up past $100 a barrel.
The newly released U.S. crude inventory figures clearly show that supply is insufficient and demand is too high. Crude prices have to rise. I'm especially worried about U.S. crude inventories; CL is U.S. crude.
The U.S. Department of Energy is also pressuring refiners today to increase capacity, and wants to make up the shortfall with imported diesel to ease the pressure from rising crude prices.
Crude surging to $100 and Bitcoin under pressure, falling below $82,000—that's what we expected.
The newly released U.S. crude inventory figures clearly show that supply is insufficient and demand is too high. Crude prices have to rise. I'm especially worried about U.S. crude inventories; CL is U.S. crude.
The U.S. Department of Energy is also pressuring refiners today to increase capacity, and wants to make up the shortfall with imported diesel to ease the pressure from rising crude prices.
Crude surging to $100 and Bitcoin under pressure, falling below $82,000—that's what we expected.