At this juncture, it’s probably just a matter of what “breaks” first in the “everything rally”.
Now commence the OPEC tweets.
Color me skeptical.
“… we’ve had no discussion with the U.S. on oil price levels.”
If you’re in the mood for more CTAs and gamma effects, you’re in luck.
Suffice to say it’s not clear this will work.
“You say you’re a huge fan of Negative Gamma but can you even name two of their albums?”
“Just so you know, I have no business in Saudi Arabia – couldn’t care less”.
“When someone tries to blow you up, not because of who you are, but for different reasons altogether.”
“I believe a cut of 1.4 million bpd is more reasonable than above it or below it.”
“The truth of the matter is that there is a Behemoth out there that was long crude oil against short nat gas (along with short nat gas spreads).”