Some Surge seller has a definite "hate on" for this company.and has been whip-sawed two days in a row....Selling a good 20 cents lower than where the primary market trades for much of the day....
Just watched it again this am...Crude rader's are mucking about in the paper market...Selling WTI approx a $1.30...When we continue to see draw after draw in the physical market...
The US fed, wanting to keep inflation in check, makes some broad specualtive and negative statements about it's pronostications for the chinese market in an attempt to push crude down and reduce it's impact on inflation...
Sooner or later the price of crude will rise to reflect the true market...
This temporary weakness in crude has been a good reset...and will provide the foundation for the next leg up.
GLTA