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Trade Alert - Long UCO

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HFI Research
Jan 21, 2026
∙ Paid

Trade Alert

The oil market is not pricing in the incoming cold risk correctly. While the natural gas market always tends to price it in almost immediately, the oil market is not.

Looking at the current projections, US crude oil production will fall by ~500k b/d from freeze-off for the last week of Jan. Spike in heating demand from the US to Europe will bo…

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