Replies to post #23278 on VelocityShares Credit Suisse 3X Long Crude ETN (UWTIF)

[3kidsplus1]

Plus USA is planning to cut production by at least 500,000 in 2016

[THREE-DAY-TRADER]

Just because production has peaked in the US, does not mean crude Oil has peaked to cause an upward price (as you said)... It's about total supplies--- otherwise there would be zero relevance with Saudis and OPEC...
LOL.