Exclusive: Don’t Buy Crude ETFs for the Refining Crunch—Veteran Trader Warns of a ‘Temporary Crude Surplus’
Skip USO & BNO: Baron Lamarre warns of a 'crude surplus' and shares top WTI & Brent price targets amid the refining crunch.
An experienced trader thinks crude oil might have too much supply soon, even though refineries are busy. This means oil prices could stay lower than some people expect, so it's worth watching what actually happens to oil costs.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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