Quote from Drock409:
I know as a fact...if you want to import Crude...
You have to have a refinary number
so that necessarily is not a bad idea to say you need a refinary number to be able to take inventory on your "trade"
i do trade the USO..but a lot of people i know are now LONG USO's.... and by that trade alone... they are NET LONG oil
its just like a stock...supply and demand...if people are buying stocks...and not selling...they stock goes up
if you require refinary numbers to trade oil... oil would tank 30-40 bux ...but market would rally like 2k points (back to where we were in March before this Lower low that was caused by oil and uncertainty on inflation)
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