Sorry we rollover on the 16th Feb but I was informed that the ETF's were covering their shorts because of the vote on the US stimulus package...
It was the last day of the Feb contract and there is contango. The March price was $5 higher and the ETF's (USO) I think had to settle their...
Thanks Spanish! A wild day on crude for sure, forgot it was the last day of Feb contracts. Apparantly the spike was the ETF's being squeezed....
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