Open Square Fund Q3 2018 Letter: YTD +113%

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Includes: BNO, DBO, DNO, DTO, DWT, OIL, OILD, OILK, OILU, OILX, OLEM, OLO, SCO, SZO, UCO, USAI, USL, USO, USOD, USOI, USOU, UWT, WTID, WTIU
by: Open Square Capital
Summary

Market correcting for lower inventory levels have begun, we expect further oil price appreciation.

Following Saudi and Russia incentives to understand go-forward supplies.

Despite recent market volatility, we believe oil inventories will continue to tighten into year-end and 2019.

Open Square Fund up 113% YTD.

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Disclosure: I am/we are long CRC, WLL, LNG. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article.