OECD inventories fall below 5-year average for first time since 2008
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Does that mean you will remove your oil short?
I do not have an oil short.
Thanks Po. Reminds me of something I used to hear constantly as a kid: “Invest in real estate, it’s the only thing they’re not making any more of”.
Well, they ain’t making any more oil either, and 6.7 Billion people would like to live and eat a little better than their parents did. It can only mean a long rise up with sharp pullbacks along the way for the foreseeable future. Buy the dips.