Or may be lower.
Now those disruptions are gone. Let's see how long they can keep sucking retail fools into crude stocks before they pull the rug. Glut is growing. Producers are pumping more than ever and shale is now coming back. In one month alone, US production has gone up 100K bbl/day. More rigs will be added to ramp up production. Crude will hit 20s again. This is just like after financial crash in 2008, bank and housing stocks went up big time and then came 2009, 2010, 2011, they went down lower than their previous lows.
I can send my "boo" in a nice box with a flower on top, but inside it will be all shiat, just like GS has been doing. In one month crude went from a never ending glut to deficit. Yup. Sure. One month ago crude was going to 10 and in a month global economy surged to peaks and production went down to bottom. Yup. Eat my shiat
You can eat my boo just like you and your family will be eating boo of criminal manipulators
Criminals have made billions off drivers in a month. Time for fake rally created by criminals to go bonker. Tomorrow is going to a start. Just watch, one rig count add and WTI will fall 15% in a day
Were you born yesterday? These criminals were creating toxic investment, selling to people while at the same time shorting them, that led to collapse in 2008.
And when GS goes bullish, the criminal is selling. GS has been behind every financial crisis in the recent history. Crude is not going to collapse. In the last one week short positions in crude have gone up like crazy. Nobody believes in this rally except retail fools. Crude oil stocks are trading much lower than they were a week ago and since then crude has gone up quite a bit. Big money has billions of dollar stuck in shale producers. They are putting a few billion in pumping crude options to pull hundreds of billions from shale producers. Pretty nice game. It is going down big now. When pendulum swings, it goes to extreme. Get ready for WTI in 20's soon.
Last week 3 hedge funds were short, this week 53 hedge funds are short. End of this manipulation is near. Goldman is the biggest criminal in wall street. They are using seasonal demand that occurs every year this time of the year and oil producing countries are actually producing more and at these levels shale producers are coming back.
Bagholders are in denial. Retail fool thinks this is a real rally. Tankers are floating in the ocean trying to see where to sell crude because there is so much around.
He will sell at 30 cents when DNR go BK. LINE also used to have cheerleaders like him until a day before BK filing
Oil supply glut is only going to get worse. Just search the web, there is absolutely no data out there to suggest glut is decreasing. They are pumping the market due to two summer month seasonal demand of gasoline in the US that happens every year.
Drastically falling? how much has fallen and that hasn't changed since February when the same manipulators were saying that US fall was all factored into calculations that crude will go below 20. US production fall will be made up by Iran alone so nothing would change. And at these levels shale will be producing more plus oil producing countries will be pumping more. This is pure manipulation here. Just wait and watch.