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Oil Speculators

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Dana Lyon has a very realistic warning about extreme levels of longs in oil speculators.

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Dana Lyon’s Tumblr

I thought it would be interesting to see if there are any other measures that are less alarming.

Below is Large Speculators Longs and Large Speculators divided by inventories.

large spec yardeni

Yardeni Research

However, whatever measure is correct, should the longs be unwinded prices will be pressured to the downside. It does appear that has begun to happen.

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John Kemp

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John Kemp

The post Oil Speculators appeared first on Economisms.


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