PremiumA preliminary agreement between the US and Iran intensified Managed Money Brent Oil selling according to Commitment of Traders. As Goldman's top futures trader, Robert Quinn, points out, Managed Money sold -$7.5bn during June 9th -16th, marking the largest nominal amount since Liberation Day and 7th consecutive week of sales for a cumulative -$24.8bn.
Squeeze Risk? Outright Oil Shorts Reach Record High
While the potential for covering undoubtedly remains high, significant bearish systematic flows could also manifest...














