sucking retail fools into crude stocks. yup, glut that was seen not be gone until 2020 just two months ago is gone in 2 months. yup yup yup.... how many times i have seen this manipulation
CXO was at these levels when crude was what around 55 last time. Keep getting sucked into this fake rally while glut continues to persist as it was two months ago. Cash strapped oil producing countries will be pumping more now making the glut even worse.
If crude stays at these levels, shale producers are coming back. Soudis know this. All the work done by them on their own detriment will be gone waste if they let it go now. So they will pump up production to bring price down and keep it down until shale is wiped out. Once wiped out, it will take time to revive those fields quickly. Also poorer OPEC and other producing countries will be pumping more at these levels b/c they need cash. Crude ain't going anywhere but down. What we are seeing right now is just a manipulation by wall street manipulators. What is happening here is that by pouring a few billions into crude long contract to manipulate crude higher, the banks are able to take many times more billions from their investments into shale companies b/c shale stocks have gone up 300%-400% in 2-3 weeks. Same game everytime.
in full swing to suck retain inventors into crude stocks so banks can get out of stocks and bonds before. crude crashes again. Same manipulation over and over. They did exactly that during housing bubble burst. Stocks went up after the first slump only to go down even further later
Fraud by wall street banks. They are in manipulation mode to take their money out of shale producer bonds. This manipulation has left every other manipulation miles behind
They said this when Crude was around 80. Nice call. Now just wait for crude war as KSA and IRAN going to ramp up more and more
If they can keep oil around 30 for six months, most shale producers will file BK
All these talks are bogus
this is a pump and dump
Fisker had the same numbers in front of them, but it went BK. TSLA sank to 140 two months ago even though we had the same population in CA. Get out of this scam now
You are a fool. Average 20 miles doesn't mean they don't ever go long distances