Jun. 18 at 12:22 PM
$FANG ensions are rising, API oil inventories took a plunge yesterday, maybe EIA will be better, or drilling rigs will go up…all doubtful. OPEC+ said they were increasing oil supply in the last 3 meetings, yet oil shipments have not increased…hmm. Seems like we’re heading for a convergence of a real S-Show…IMO! Were all hoping not, but reality may smack us upside the head!