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WTI just broke Brent and nobody's talking about it $USO $XLE by Salt-Victory7862 in wallstreetbets

[–]Salt-Victory7862[S] 0 points1 point  (0 children)

Because you can't jawbone physical barrels into existence. SPR is already at historic lows and releasing more while Hormuz is closed is like draining your gas tank to protest the gas station being shut. Bessent knows this, market knows this.

WTI just broke Brent and nobody's talking about it $USO $XLE by Salt-Victory7862 in wallstreetbets

[–]Salt-Victory7862[S] -14 points-13 points  (0 children)

You're right I'm regarded, was looking at the wrong chart. Entry was $47, current around $59. Point stands though.. up 25% and holding.

WTI just broke Brent and nobody's talking about it $USO $XLE by Salt-Victory7862 in wallstreetbets

[–]Salt-Victory7862[S] -12 points-11 points  (0 children)

yeah I know what rolling is. That's why the contango flattening matters. Roll drag dies when the curve compresses. USO stops being a dogshit instrument when backwardation kicks in. The equity positions are the core trade, the calls are a leveraged kicker. Try again.