We Expect Huge Oil Inventory Draws In July (Video)

| About: The United (USO)

We like buying oil here into July. We think Brexit is the last trade, and we are already moving forward to the next trade. Gasoline is too cheap going into the strongest demand month of the year. It's not like Europeans are suddenly going to stop taking advantage of the warmer weather and stay inside all July, fretting over the Brexit vote. If there is a time to buy oil and gasoline on a pullback, it's heading into the strongest refinery utilization month of the year.

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