RE:Saudi gameplanyou are a joke - get in now before it runs back up to appropriate levels. Read the Globe article today - Saudi is even saying the price drop doesn't make sense. Just speculation in the market.
Traders going with a trend and thinking Saudi is trying to drive the price down. All Saudi wants is the market to balance supply and demand. Too much supply right now. Even Saudi is saying "it's isn't that much over supplied and oil companies should continue to explore.
Saudi doesn't like the low prices either. they are fine with high prices but not if it means an over supply