Oil Short-Selling Surges I Wanna Buy More Than Ever!

THE LAST TIME THIS HAPPENED, OIL UNDER HEDGE FUND SELLING PRESSURE DROPPED DOWN TO $40 A BARREL AND AS USUAL THEY WERE WRONG AND OIL SURGED TO $70 A BARREL.

Hedge funds have boosted their bets by 46% that West Texas Intermediate crude will fall according to U.S. Commodity Futures Trading Commission data. Their selling this time has driven oil to under $50 a barrel this past June. It has started to rebound now at $60 a barrel. And we believe this time as hedge funds wipe out again we will get $100 a barrel oil. And for the cherry on top, WHEN there is war in the Middle East we will get over $200 a barrel oil. This is the stuff million dollar trades are made of. And not a moment too soon!

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EU lawmakers see higher risk of no-deal Brexit with PM Johnson

BRUSSELS (Reuters) – The European Union lawmakers dealing with Brexit said on Wednesday there was an increased risk of a disorderly British exit from the bloc after Boris Johnson becomes prime minister.  The bloc has congratulated Johnson on his victory but was firm that it would not offer Britain better departure terms.

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Iran’s Revolutionary Guard Corps seized a British oil tanker

NEW YORK – Iran’s Revolutionary Guard Corps seized a British oil tanker in the Strait of Hormuz amid soaring tensions in one of the world’s critical energy choke points. Brent climbed more than 1% on the news. The tit-for-tat actions signal greater instability and potential conflict in a region where one-third of the world’s seaborne crude and fuels pass through.

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Trump Sincere In Overtures To Iran To Negotiate New Nuclear Agreement – U.S. Iran Envoy

WASHINGTON – The offers made by U.S. President Donald Trump to negotiate a new nuclear agreement with Iran are sincere, U.S. Special Representative for Iran Brian Hook said on Tuesday. “Those who sort of question the sincerity of the President’s invitations, I would just point to the fact that he’s now met twice with [North Korean leader] Kim Jong-Un”, Hook said an event hosted by the Axios media outlet in Washington. Donald Trump has repeatedly said he is open for talks with the Iranian leadership without any preconditions.

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