Brent hits $72.92 and straight away IG site shows the net short percentage goes up. Like clockwork. As the POO moves up and down in its range- the net short percentage adjusts accordingly- increases at the top- decreases at the bottom. Must be a good living.
Anyway, the punters do not see to be worried about Iran or increasing US gasoline stockpiles. They are thinking reopening.
IMHO DYOR
Ann: Credit Suisse Energy Conference Presentation, page-14
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