28.0% chaos — simmering power moves 1 sources 5h ago

USO & BNO YOLO - Rolled Again. Increased USO. Trimmed BNO

What happened

Wti Oil down this morning to $93-$95 and Brent down to $101. My thesis is that the market is being far too complacent. A tanker leaving the Persian Gulf for China would take 20-30 days travel time + unloading time from there. The last tankers to leave before the war started have still not completed transit. With the lag time + IEA draw down + existing stocks the shit storm hasn’t made landfall. Some time next week or the week after the first tankers stranded by the straits of Hormuz will start n

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The takes

Coverage so far

Being covered by: r/wallstreetbets.

Developing

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Sources

USO & BNO YOLO - Rolled Again. Increased USO. Trimmed BNO
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