2. Oil Is a Coiled Spring Wall Street agrees almost unanimously that oil inventories sit at record lows while the Strait of Hormuz stays shut, and that governments will rush to refill their reserves the moment it reopens. The real tell hides in the futures curve, because near-term Brent has jumped toward $98 while the longer-dated contracts still sit near $85. That means traders assume this whole crisis blows over quickly. If it does not resolve, the squeeze runs hard and fast in the other direction. We’re looking at Cheniere Energy (LNG). .. as a major play in the growing demand for U.S. gas. Plus, I’ll walk you through what’s happening with the MicroSectors Oil & Gas Exploration & Production 3X Leveraged ETNs (OILU) , which acts as our key signal for energy movement.
Published Jun 02, 2026Updated Jun 02, 20262 min read
2. Oil Is a Coiled Spring Wall Street agrees almost unanimously that oil inventories sit at record lows while the Strait of Hormuz stays shut, and that governments will rush to refill their reserves the moment it reopens. The real tell hides in the futures curve, because near-term Brent has jumped toward $98 while the longer-dated contracts still sit near $85. That means traders assume this whole crisis blows over quickly. If it does not resolve, the squeeze runs hard and fast in the other direction. We’re looking at Cheniere Energy (LNG). .. as a major play in the growing demand for U.S. gas. Plus, I’ll walk you through what’s happening with the MicroSectors Oil & Gas Exploration & Production 3X Leveraged ETNs (OILU) , which acts as our key signal for energy movement.
