Oil price up 11% o/nite in anticipation of OPEC meeting and further production cuts
has been very volatile lately with multiple moves of 5%+-
I suspect some 'hot' money is returning to the energy markets
Is there a way of determining how many open short positions are in the market ? like comex gold futures.
Must have been a lot of shorting oil on the ride down from $147bbl
opinions vary widely on future POO but starting to see more bullish assesments from some quarters
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