I wouldn't be to sure of that, because there is a lot of oil that was land locked that's now finding its way to the markets, it will be hitting the market at a time the world economy is struggling, that should weaken oil prices. But, that will create another great buying opportunity.
Short term 6 months to a year, I would agree. But the trend is up:
HOUSTON, March 26 (UPI) -- Chinese oil demand during the first two months of the year increased more than 4 percent compared to the same time last year, analysis says.
Analysis from reporting agency Platts says demand for the first two months of 2013 averaged 10.35 million barrels per day, a 4.3 percent increase year-on-year. Thats 430,000 B of O a day !
Since you mention Knight Capital, i must repeat some data previously posted to this board about "step over trading" that occued with PGH!
Wrote my broker to complain about partial fills, when the fancy platform they provide me to view the trading book --- clearly showed the price continued to trade at my open order price but did not fill..
Was told that broker to broker deals allow off the trading book action to occur, and considered by the retail broker as a common place event and just the way it is !
Seems like a very big opening for concert trading to occur with or between dark market players who always tout the glory of liquidity these new hyper trading platforms bring ( TO THEM ) ??