Oil is bid, closing in on $90 pb. Hedge Funds pile in long positions over shorts. Biden has shot of his SPR bullet, won't be able to draw again with U.S. oil stocks at historic lows. Central Banks will need to resume tightening to drop the oil price.

Call out note, 5th Sept 2023: "Hedge Funds buy 19 million $ barrels of oil, lifting net positions to 153 $ million pb.  Bullish longs/bearish shorts: 2.70:1"

Please refer to the above chart.

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All oil (crude) market analysis:  chiasmusmagazine.blogspot.com/search?q=Oil