Nice that DTO isn't dropping double the percentage WTI is for a change
Fact is, All that happened today to make Oil rise was the Euro rising because banks got another bailout. Banks won't lend more to businesses, the use of oil won't rise and really, WTI is struggling to move back upwards. The pressure is still downwards. Expect a lot of funds trying to unwind long positions as oil maybe pushes towards $85 and then creeps back down into the 70's again as the bank bailout bonus effect wears off, same as the previous trillion euro 2% cheap loans to the european banking system wore off. The banks just soak up the extra capital and continue to screw their customers
Ask the same question. Only thing I can figure is day before oil up 40-50 cents DTO up $3. I know DTO is near term not just front month but futures in next 4-6 months up 70 cent DTO down 4.5%. Today oil down $1 DTO up $1.2. Anyone else have an explaination?