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!
http://aaronandmoses.blogspot.com/2009/02/oil-play-for-oil-bulls.html
Now that contango has narrowed, and we may start approaching backwardation, even the double oil bull, DXO at 2.55 can make coin.
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