What happened? I thought oil was going to 30?
Anyone check the price on the double crude short, DTO? It's at 173.
Two weeks ago, I mentioned this as a short at 231 as a play on oil. That's 58 points-and counting!
Now that contango has narrowed, and we may start approaching backwardation, even the double oil bull, DXO at 2.55 can make coin.