RE:RE:RE:RE:It wouldn't put Could be the Fed, afterall they are the creators of cash and have an unlimited supply to control the movement of anything they want. They easily could get away with it - as a private entity as they are exempt from audit. Retired senator Ron Paul, wanted to audit the Fed, as you can imagine that went nowhere fast.
This week both the API and EIA published bullish reports but imediately after the EIA report was released the market sold off 2%. Really now, who in their right mind would short oil after two bullish reports from two critical organizations that the market uses for price discovery? If you recall the exact thing happend when OPEC added to they production declines. The key point is that it wouldn't be hedge funds as it makes zero scense timing wise and poses clear risks.
If the Fed did short, they will have to unwind that position so oil could rebound big, particularly if oil inventories continue to decline. As for bias towards one particular US administration, I think that is quite clear already in just about every arena.