Historic Short Squeeze Sends Oil Prices Higher

Last weekend, we warned readers that according to the latest data from Goldman Sachs,  a massive short squeeze in energy stocks was on deck. Specifically we noted that at a time when funds were the most short oil on record, the broader energy space "was the most net sold sector" on the Goldman US Prime book, "driven entirely by short sales, which outpaced long buys (6.4 to 1)." And here, we said, was "the hint to the next mega squeeze" as the recent short selling in energy was the largest in over 5 years. Last weekend, we warned readers that…