Speculators scrambling to catch up to bullish crude curve signals
Strong gains last week but speculators needs to buy much more to catch up to bullish curve structure.
Brent crude added a solid USD 2. 6/b last week.
It traded as high as USD 86.
24/b on Friday and by that traded above even the best price prints from May.
It settled the week at USD 85.
2/b.
Speculators.