I agree. Short interest in USO has jumped from 0.5% on 2/26 to nearly 20% today. So the larger players are also betting on a pull back or hedging other long positions

Yes oil prices may well decline in soon and maybe quickly, but from an economic aspect there will be much higher prices built into the goods and services that will be used in the short and medium term. High usage season is coming up very fast. On emonth of higher prices is 1/12th of the year and that adds cost to about 8% to the cost. So in a consumer economy as we are the real prices to be paid will be on the lower end of the income range where energy costs already make up a higher percentage of the expenses.

Bryce

"Is the US creeping towards a 3% inflation regime?"

Maybe

I’m sorry white I didn’t mean all cash but reduce the amount in circulation, it was a comment made on market to market and I found this article, I will change my other post to say reduce.

https://economic-research.bnpparibas.com/html/en-US/Kevin-Warsh-Lead-Policy-Implications-2/5/2026,53202