horrible day for oil. NY J's drove it down $1.60 from theprice it was sitting at last night. This after the saudi's extended 1 mill barrel cut etc. This after hudge draws last wednesday and we struggle to remain about $70. There's a dozen guys like Kramer and the two so-called traders that bnn always has on and half a dozen other generalist who yap out the same thingl Demand down, lots of supply, china disappointment and western and reccession in west could pound the price down even more. The inventory levels are ignored. It's just a short of the NY j's. And it will get worse in 4 weeks, as they will talk about driving season ending in a month, gasoline demand about to end, and down to 60 we go. I am long oil stocks, F me. Nutal isn't any better,as he didn't talk about any inventory builds for the first 2 quarters until he finally had to admit there was a build, after the fact. He changed his narative and talks now about monster draws. We will see a if they happen this time and b whether it makes a difference.