Anony

The Fall of Semgroup and Its Impact on Oil Price

Follow up question then . . . if SemGroup had been speculatively "shorting" oil with their hedges, explain to me how that causes a run-up in oil prices. Once those hedges were settled/novated/unwoun... and there was no longer a $MultiB short position out there, then why would spot prices go down?

Either my understanding of the dynamics is screwy, or your logic doesn't foot . . . food for thought.