Oil at $90 a barrel looks 'unsustainable,' says Citi analyst
Citi points out oil production is growing among non-OPEC+ members like the US, Brazil, Canada, and Guyana. That should help bring down prices.
Source: yahoo.com
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Before the Bell: ASX to fall, Wall Street edges higher, Apple rallies
Australian shares are set to open lower. Apple rallies on strong iPhone 15 pre-orders. Bitcoin briefly tops $US27,000.
Source: afr.com
Oil Surges To $95 As China Crude Stockpiles Hits A Record 1.14 Billion Barrels
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
Source: zerohedge.com
Hedge funds hurt by oil's dip pile back into crude
After holding some of the most bearish positions of the past decade, investors have ramped up their long bets in crude after prices soared 30 per cent.
Source: afr.com
Hedge Funds Hurt by Oil's Dip in First Half Pile Back Into Crude
(Bloomberg) -- After being burned by crude’s slump in the first half of 2023, hedge funds are rushing back into the oil market with their most bullish wagers in more than a year.Most Read from BloombergBoss of Failed Crypto Exchange Gets 11,000-Year SentenceEverything Apple Plans to Show on Sept. 12: iPhone 15, Watches, AirPodsCalifornia Shows an Electric-Car Uprising Headed for the USEx-Google CEO Eric Schmidt Scraps $67.6 Million Purchase of Abandoned SuperyachtUS, EU Agree on Mideast-India Ra
Source: yahoo.com