[mac_truck]

I’ve been reading about oil traders who are betting that the oil they’ve stored at Cushing will be worth more in the future.

Given the fact the Saudis are producing at peak levels with no sign of a slow down, I’m not sure that’s a winning bet.

[headstamp 2]

I saw where T Boone Pickett Fence was saying oil will be back up to $70 a barrel by the 4th quarter.

[thackney]

I’ve been reading about oil traders who are betting that the oil they’ve stored at Cushing will be worth more in the future.

- - - -

They already sold a future contract to deliver oil at a future date. They are not betting, they locked in a profit based upon a lower cost to store over the time.