RE:Its about cyclesmacman1519 wrote: We have bottomed, manipulation???? Duh of course there is manipulation. Oil was walked down and now it will be walked up to 70 dollar range by xmas. Go ahead and short , you'll only be adding more feul to the fire when u have to cover!!!! Buy Bte, 20 dollars by xmas!!!!
So OPEC has tanked oil from 50$ to 39$ in the past month to only further sink itself into oblivion? Most countries are going broke when under 80$ yet Saudis just pumped the highest ever amount of oil this July. Iran, Russia and Saudis aren't friends so production will not go down in September. Stop pumping you tool.