George Soros recommended the same - so I guess Soros is short oil futures.
Exactly, Soros is short on oil, and he needs to fill his orders.
If Soros says it, probably shouldn’t do it.
Plus, many other reasoned comments here indicate it would be the proverbial drop in the bucket.
Soros recommended it. I would be suspicious:
http://www.zerohedge.com/news/2014-03-20/soros-has-modest-proposal-how-punish-russia
Having warned of Putin’s blind-spot (and Merkel’s position of potential leadership) in the Europe-US-Russia debacle, billionaire investor George Soros has some ideas on how to punish Russia (and some warnings on the consequences)...
•*SOROS SAYS PUTIN ‘ACTING OUT OF WEAKNESS’
•*SOROS SAYS UKRAINE CRISIS IS LEADERSHIP CHANCE FOR MERKEL
•*SOROS SAYS MERKEL’S LEADERSHIP HAS GROWN IN UKRAINE CRISIS
•*SOROS SAYS U.S. SELLING OIL RESERVES WOULD HURT RUSSIA
•*SOROS SAYS U.S. HOLDS ‘STRONGEST SANCTION’ WITH OIL RESERVE