alt Hacker NewsIt's why WTI crude never exceeds $100/barrel. Every time it gets that high the insider in the administration shorts it and the administration announces a new policy delaying more strikes.
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mothballed • last Tuesday at 3:53 PM
You don't even need to trade oil, trading gulf country assets also works well. And rebuilding the gulf should be quite profitable if Iran blows it up and the assets will be available cheap.
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Much above $80 and shale oil becomes highly profitable. So swing producers like the US act as a soft ceiling.