4% drop Friday and 2+% Thursday??? What does it has to do with China's inflated stock market, with Short-Selling approval？？？
The odd thing is China stock index just more than DOUBLE in 10 months and this is down and down.
Crude oil looking down now. Will it buck the trend This is about the weakest and it made a new bottom just a month ago, and bounded much less than RIG, SDRL...
Longs need to wait until Icahn gets GE to take over Chk!?
What if just a few% of the gain flow to Macau Casinos??? (even as small gamblers are restricted to enter Macau)
yesterday whil Rig and Sdrl was up Big yesterday.
Certainly, some "smart" analysts need to say that "first", not me.
And everyone expects Iranian oil to flow to market already, so this is built-in -- just pending sell on rumor, buy on the news. Remember, OPE just need to hold Crude Oil at or below $60 to discrourage Shale oil drilling.
Iranian will come out and sell their Oil at dirt cheap price??? Obama knows he just could nor ORDER them what to do, and Iranian know that they could "mess-up" Yemen to drive Crude Oil much higher when they could sell.
Yemen situation contribute the last $2+ up, but the situation remain unclear. BTW, I wonder why the US really should have interest (other than superficial) in calming down the Yemen situation -- that actually help US oil industry if Crude oil backup to $60+（but not $70+ 哦让$80+， which hurts consumers）
Still profitable in such a bad time. Let's assume things get worse and it just break even for months...
Will turn green if Crude oil could turn green!
After being attackec by air... they will get even, probably by sneaking inside Saudi and bomb the crude oild reserves. Crude oil will get back to half of its High -- ~$60 -- the equilibrium point where US Shale oil drilling will not be profitable while OPECt still gets decent profits.
Why do you think Saudi attack them??? If they bomb Saudi oil reserve... $60+ overnight is possible!
It took 2+ weeks to drop from $54 to $42... so it was just a coming back.
What happen if a Yemen bomb drop on a Saudi oil reserve????? Shorts should be nervous holding the position, for a maximum of a few bucks drop. And the summer high consumption season is coming in weeks.
to below $14 in 2 weeks.... Now Crude Oil bounded 10% from $42s and Chk still at $14s???
But why all happen on ONE day? When is the next time this happen again so we all sell it the day before???