a good day for the shorts. 400k barrels down in Prudhoe http://www.bloomberg.com/apps/news?pid=20601087&sid=a4sIj4Dr47BY&refer=home http://www.bloomberg.com/news/markets/energy.html 250k barrels down in OPEC for july. And somewhere I read a Japanese analyst saying oil could take off $10 from here on just this news. I'm just waiting for some news out of Iran.
Thank god. I was sh*tting in my pants after Floyd dissipated and I was still long. I don't understand why the Contango situation has been reversed with Brent but is still active with WTI, anyone care to explain? Latest Brent: September U6 contract: 77.60 October V6 contract: 77.37 Latest WTI: September contract: 76.60 October contract: 77.67