VW 2008 Short squeeze vs today's crude oil
JustDario
Hong Kong-based entrepreneur, angel investor, and finance veteran with over a decade of experience in trading, securities structuring, derivatives, and fintech in Europe and Asia. My focus is on data-driven analysis of macro and stocks to identify investment opportunities, especially asymmetric ones. My public research is available on justdario.com.
299Posts
170Comments
1.2kLikes
Joined on 1st June 2026
Hong Kong
EIA report due at 10:30 am EST today
Cushing oil inventories are expected to come at ~19m barrels for last week, already ~1m barrels below the critical 20m threshold. This means that chances Cushing hits the 18m barrels rock bottom this week are significant (the number will be public in next week's EIA report)
Oil futures continue drifting lower on very low volumes; WTI traded 50% less than usual on Tuesday after the long weekend. Surely a sign that only algorithmic traders are left in the market, but also a sign the market might be grinding to an abrupt halt once Cushing tank bottoms are hit.
I believe volatility can spike at any moment once it's undeniable that, despite Trump's relentless rhetoric, the MoU with Iran is not resulting in a full reopening of the SoH traffic and quick return to normal of the supply in the market. Furthermore, speculative short positioning in the oil market, both retail and institutional, remains extreme above and beyond previously observed all-time highs.
The Bank of Japan is currently fighting with teeth and nails to defend the JPY
Hello Slice community š