Yes unreal, WTI over 97, with huge buildup in crude at Cushing????? These greedy pigs will push crude to 100, then i will buy SCO WTI cannot go much higher than 100, Storage will start becomming a huge problem then. I will take a large position if crude goes to 99 plus,
Do yourself a favor and look up a few articles on the Seaway pipeline. They just opened it up with the goal of draining as much storage as they can from Cushing in an effort to drive up prices and screw every American at the gas pump. The goal is to acheive parity with brent prices and they don't mean to lower the price of brent. While we have finally acheived some energy independence from the Dakotas etc. which should have driven prices down all the benefits will be stolen by the pipeline operators and Wall Street crooks. Unreal is right!! Once they have crashed the working class economy with $5.00 gas again this may pull back but your timing had better be just right or your in for a scarey ride. Last year it hit $107.00 and the pull back started on Memorial Day weekend when everyone thought prices should have been starting the summer climb. What better way to screw retail investors? Good Luck.