Our own Andy Lebow is quoted in the Financial Times:
and in Reuters:
“”We’re seeing some ‘GMO trading’, or ‘Get-Me-Out’ type trading,” said Andrew Lebow, senior partner at Commodity Research Group in Darien, Connecticut.
“It’s a combination of an overhang of (speculative) length and the overhang in inventories … and the other thing unnerving the market is rapid growth in U.S. crude production.””
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