RE:RE:Oil Drops to under $46.90Market isn't transparent, there isn't perfect information so you will find reactions up and down on
any given day, in fact the reactions in the market are always (generally) either overly negative or overly positive resulting in these types of wild (temporary) fluctuations.
A single day of Up or Down doesn't mean anything unless you can attach a factual reason to
the Up or Down momentum.
There's likely short covering, and BS from various analysts (good and bad), Politicians, Bank Analysts, largely uniformed Public and of course Traders - all these people make for an interesting trading market - but none of them are providing FACTS, just speculation and opinion, until you have FACTS you just have speculation.