Everyone is an oil bull right now.In the last 6 days I’ve listened to Vitol Asia head Michael Muller, UAE Energy Minister Suhail Al-Mazrouei, and Trafigura CEO Jeremy Weir all warn of higher prices.Muller said that limits to Saudi production are “very bullish for oil”.Al-Mazrouei believes “prices may well climb further”.Weir went furthest of all, saying prices could reach “a…
The market is flying. Meme stocks are back. It is good times again. But I have not been a big buyer.Instead, I have taken the opportunity to reduce my positions – particularly in oil – and…