Tavi Costa: Oil prices probably headed much higher

Tavi Costa - Twitter, Released on 1/26/23

The US government has almost completely ceased the drawing of its Strategic Petroleum Reserves.

We just saw the smallest change in SPR for over a year.

Not surprising that oil prices firmed up recently as supply remains incredibly tight.

WTI prices probably headed much higher pic.twitter.com/lLE8sQTWOo

- Otavio (Tavi) Costa (@TaviCosta) January 27, 2023

Tavi Costa is a partner and portfolio manager at Crescat Capital and has been with the firm since 2013. He built Crescat's macro model that identifies the current stage of the US economic cycle through a combination of 16 factors. His research has been featured in financial publications such as Bloomberg, The Wall Street Journal, CCN, Financial Post, The Globe and Mail, Real Vision, Reuters. Tavi is a native of S??o Paulo, Brazil and is fluent in Portuguese, Spanish, and English. Before joining Crescat, he worked with the underwriting of financial products and in international business at Braservice, a large logistics company in Brazil. Tavi graduated cum laude from Lindenwood University in St. Louis with a B.A. degree in Business Administration with an emphasis in finance and a minor in Spanish. Tavi played NCAA Division 1 tennis for Liberty University.

Tavi Costa: Oil prices probably headed much higher added by Herman James on 01/27/2023View all posts by Herman James ?+'