Oil short squeeze

Discussion in 'Energy Futures' started by sumosam, Jun 13, 2008.

  1. sumosam

    sumosam

    I read that the reason for the high price in oil is that the hegde funds are buying up spot oil forcing a short squeeze. Is this the reason they are looking at ICE?

    How long can this go on for? Sounds like collusion/price fixing.
     
  2. A friend of mine, he was at a big conference for hedge funds last night, said they have now all decided to close their long positions.
     
  3. Right...
     
  4. Actually, a friend of a friend of mine, she was at a small conference for large hedge funds yesterday morning, said they have now decided to close their short positions and will start loading the boat on RMCF because people love chocolate.

    Kev :cool:
     
  5. ess1096

    ess1096


    My best friend's sister's boyfriend's brother's girlfriend heard from this guy who knows this kid who's going with a girl who saw Ferris pass out at 31 Flavors last night. I guess it's pretty serious.