In spite of the selloff in risk assets, oil prices have remained strong . and that's especially...

|By:, SA News Editor

In spite of the selloff in risk assets, oil prices have remained strong ... and that's especially true for WTI crude (USO), which has narrowed its spread relative to Brent crude. But Ananthan Thangavel believes WTI's rise is unsustainable, noting how its price has historically moved in lockstep with RBOB gasoline prices, which have remained calm. He recommends shorting WTI futures.