Data added to the bullish sentiment today. A U.S. government report showed a larger-than-anticipated decline in crude supplies. It also showed rising gasoline stockpiles.
Some investors believe oil could retest recent highs given the data and the recent performance of light, sweet crude futures.
? JD Parsons (@weeklystockcharts) Jun. 4 at 06:10 AM
But Kosar is taking his cue from the smart money in the oil business.
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