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Deutsche Bank AG London ZC SP ETN REDEEM 01/06/2038 USD 25 - 25154K809
Introduction
In our past EIA reports this year, we referenced the fact that the inventory data wasn't matching up to price expectations and the overall bullish sentiment conveyed by energy markets. We further stated that the data was going to have to improve or oil markets were headed for some repricing regarding bullish positioning. Subsequently after the last 6 weeks of EIA reports, and lack of a China trade deal, we are experiencing just that repricing in the oil markets. WTI has pulled back around 10 dollars a barrel over the last 5 weeks, with