Citigroup: Oil is trade of the year
Posted: Fri Jan 22, 2016 9:10 am
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.