When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.
Be alerted of any news about your stocks and see what other stocks are trending.
USOD - Global Light Sweet Crude Shortage Will Force U.S. Crude Storage Lower
United States 3x Short Oil Fund
Welcome to the shortage edition of Oil Markets Daily!
Oil prices are staging a ferocious rally today with the news that the Hong Kong situation will be de-escalated quickly flowing through risk assets. Oil prices, serving as the go-to whipping boy for all macro trades, are now spiking up more than ~4%. In addition, we expect a crude draw of ~5 million bbls versus the consensus average of ~2.5 mbbls. This should be a nice surprise. As for API, we don't know what it will report.