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Bullish Commodities? Not So Fast | Lukas Kuemmerle
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The Seasonality of Oil
The spring to summer period is pretty bearish for oil on average over the past 30 years. As a consumer, you use more natural gas when it's getting warmer. You basically buy natural gas back in spring and summer because you need it in autumn and winter. And how does the seasonality of oil shape that too?
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