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Re-evaluating Crude Oil Speculative Positioning

Re-evaluating Crude Oil Speculative Positioning

http://themacrotourist.com/images/2017/02/CrudeFeb1317.png

zerohedge.com / by Kevin Muir via The Macro Tourist blog / Feb 13, 2017 3:26 PM

Over the past year it is amusing how quickly market sentiment has gone from “crude oil will never rise again” to “better buy oil because of, well, just put your reason in here… there are too many to list.”

Joe Weisenthal from Bloomberg News had a great tweet that summed up the dramatic shift:

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