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Syz the moment

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4 Aug 2023

As highlighted by Tavi Costa, the implied demand for oil just surged to all-time highs

It was the largest weekly increase in 26 years. Meanwhile, US oil production remains ~7% below pre-pandemic levels with total operating rigs starting to contract for the first time in 3 years. Source: Bloomberg, Crescat Capital

31 Jul 2023

The supply story in oil is getting worse

Source: MenthorQ

25 Jul 2023

C(RUDE) AWAKENING...

Crude oil is taking out the 200 day moving average. We haven't seen oil close above the 200 day moving average since Q3 2022.... Source: TME, Refinitiv

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