NOPEC Bets At Record High

WTI Crude Futures Open Interest just hit a record high last week... 

All compliments of fake optimism over another fake OPEC deal...

As a reminder, the U.S. Department of Energy expects record Global production in the current (fourth) quarter...meaning that OPEC/Russia et al. will now agree to "freeze" at an all time high...

Vertical blue line is one year ago: