The banksters are manipulating oil like it's Enron. Oil should be under $40 by now. No demand, burgeoning supply, refining cut to 77%...what a scam.
many oil producing countries have set their government budgets on $70 oil. that is why they are defending that price.
They are about to get screwed on the trade, I bet they got caught without enough of an exit.That's my guess, remember the $95 call, it all hints at short term trouble.If the breaks $68 or another 5% day it could snowball.Serves them all right.
you need a course on the dollarthe value fell 40% under the previous leader "W"