Oil moved up 90 cents in the last 14 minutes
As most of you know, oil trading ceases at 2.30EST. It closes for 15 minutes and continues to trade electronically only (pit is closed for day) until 5.45EST. (might be 5.30?) Then resumes for the night at 6pm and continues all night. In the last 14 minutes of trading ..... it was up 10c on the day with 14 min to go, and we ended up + .85c on the day. There is no trading action that is more bullish than that. That's massive covering into the close of trading. But tonight is another story, we shall see what happens.