WTI Crude Nears $39 - 2016 Highs - As Shorts Tumble

With ETF shorts falling to 2016 lows, WTI crude futures are surging once again (despite yesterday's news that there will be no "production freeze." Near $39, this is the highest since the first day of trading in 2016.

 

Sending WTI crude to its highest since 2015...

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