Biggest Short Squeeze In Brent Since 2016 Sparks Flood Of Bullish Oil Commentary

Two weeks ago we observed that with oil prices tumbling, a full-blown capitulation was taking place in the market as the weekly bullish bets on Brent had just plunged the most on record ...

... which we said a was "a clear sign of the surge in bearish sentiment and the extent of the technical selling that pressured crude" and which we concluded signaled that " a price rebound ...