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COM - Oil Demand Is Outweighing Supply: Oil Inventory Analysis And Implications
July, 09 2021 07:53 AM
Direxion Auspice Broad Commodity Strategy
Oil narrative is improving with repeat inventory draws. Inventories have fallen below their 5-year average. Oil futures are in backwardation. The oil-oriented rig count is not keeping pace with price increases. OPEC+ may have less production capacity than broadcast. For further details see:
Oil Demand Is Outweighing Supply: Oil Inventory Analysis And Implications
Stock Information
Company Name:
Direxion Auspice Broad Commodity Strategy
Stock Symbol:
COM
Market:
NYSE
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