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Sportsman's Warehouse (SPWH) Q2 2026 Earnings Call Transcript

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Hedge Funds Pile Into Fuels as U.S. Supply Squeeze Deepens

For the first four months of the war between the United States and Israel and Iran, oil traders remained largely bearish.

  • Hedge funds accumulate net long position of 177 million barrels in fuels
  • U.S. fuel shortage deepens due to Hormuz supply drying up
  • Diesel crack spread reaches record highs in U.S. and Europe

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