Citigroup: Oil is trade of the year

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Wolfdog2
Posts: 43
Joined: Sat Apr 20, 2013 8:08 pm

Citigroup: Oil is trade of the year

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dan_s
Posts: 37277
Joined: Fri Apr 23, 2010 8:22 am

Re: Citigroup: Oil is trade of the year

Post by dan_s »

Having spent nearly 40 years in the oil & gas industry, I have seen several big swings in oil & gas prices. One of my "SWAGs" is that when Wall Street believes they have made all the money they can pushing commodity prices in one direction, they change their tone and push it in the other direction.

The shorts are now running for the hills.
Dan Steffens
Energy Prospectus Group
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