No reason to short you can't win fighting OPEC. At these prices suppliers are already being driven out of the market. Capitulation was yesterday up for weeks or months from here.
CNBC has an article about oil rebounding to $60. Not saying I agree, but you can google 'Oil Could Rebound to 60' and you will find it it's from today.
LOL bought my first shares of USO and UWTI yesterday as the bearish inventory report sending prices higher was a clear sign of a bottom.
bad report and going higher... well that's a clear sign of a bottom I jumped in yesterday right after the report and doing well. I don't think I'm at risk of a loss any time soon worst case I break even while your losses pile up if short.
Market cap is a tiny 21 mil for a company about to get licensed..
The ask hit over .30 at the close. Inspection in the morning could make a big pop for tomorrow.