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Bullish Commodities? Not So Fast | Lukas Kuemmerle
Forward Guidance
The Stocks of US Crude Oil Are About to Surge
The stocks of oil are just so low, they're almost flirting with the lows that it made in 2018. Last week Biden announced he will release some reserves from this strategic reserve,. I guess it was about a million barrels per day over a time frame of six months. There's a really high probability that the US has to pay a higher price for oil to refill these stocks in the future. But yeah, as you can see there are a few options that we have, but all of them are highly politically driven.
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