GOLDMAN SACHS? Your allowing them to think for you ??? Do you even know the oil build up at Cushing? Record high levels and that will increase! And dont tell me the China India demand lies either! Russia and Iran can both suppurt Chinese demand alone... Everybody knows the oil prices are pumped up........
And everyone knows it. Too much supply,,, especially WTI....,,,,Russia will become the number one producer in a few years. All the new technology to extract oil will soon be implemented by other nations... We all know the QE effect has pumped up WTI higher than demand. What happens when QE ends? oil to fall much further ..... These large hedge funds have control of the market in oil,,, If oil traded on supply and demand metrics you could see WTI well under 80 a barrel......QE easy money have propped up oil GL IONAF still a great spec play in spite of the oil reality.......
By the way jax during the occupy wall street protests was a poignant sign i read during a protest i will share it with you..It.. said I DONT MIND YOU BEING RICH BUT I DO MIND THAT YOU BUY MY POLITICIANS WITH YOUR MONEY!!!! best protest sign at Occupy wall street!
unbelivable....... and shameful thx for posting this jax
lets see tza under 30 this week and now s n p1700 can i play with your crystal ball jax? When your finished with it? It looks like fun
yup............usually wti goes down in june,,,,,,,,,hedge funds sell off and enjoy theyre summer
Holding up well. Seems a geo political premium is in place for WTI. At these prices they are betting on supply disruptions. If nothing happens we could see WTI under 80 by year end...... TOO much supply!