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Why Is Oil Rallying?

|Includes: OIH, OIL, WTI, Energy Select Sector SPDR ETF (XLE)

I sent a ZeroHedge link to a friend and by the time he got back to me, the story had been taken down. Hard to do in these days of the internet, and I can not guarantee this copy will stay up, but the long story short in the article is this:

The banks are on the hooks for loans to shale/oil companies, know what is coming, and how do they get their money back? Help them raise (questionable) equity capital to pay off the loans... otherwise known as "jumping the que" of subordinated debts.

If you need more info, just read the headline inthe link below (to wit, the short squeeze = banks propping up oil to do equity deals that pay the banks back for short-term loans)

Disclosure: I am/we are short SPX (=SPY) VIA OPTION STRATEGIES.