Monday, April 6, 2015

Gartman takes notice strength in tanker stocks

Between and now and June, you may actually see the front months WTI strengthen up simply because … the market will know [while] there will be plenty of crude after June, there may be less supply before June.

There is a lot of crude oil that is going to be out there. It’s going into storage, it’s filling up in Cushing, it’s filling up in the Gulf, and it’s going to fill tankers.

If you take a look at tanker stocks, it’s been one of the strongest areas of any stock market in the world. That’s the only thing I’m certain of at this point.