Up during the night down during the dayAmerican traders lately wake up at 7 am and slam down the price. It could be the arabs too so that shale producers dont start phoning their bank to strat up cause at $65 ity is not enough to get a loanThen in the evening when the amricans are gone, the rest of the world bids the price higher and the arabs make deals during this period.Americans can easily slam down the price when the supply and demand is all in the head and in EIA reports on the future, yes the crystal ball.
The arab kingpin said : when he sees proof that the prices are profitable and remain there for quite a while , only then will he consider producing gradually a bit more.In the past they always relied on the perceptions and that is the dream of rich manipulators. Now the real supply and demand will kick in finally and we will see what it gives to keep prices up and check out the increases when the true laws of the market take over, not this psychological BS and EIS reports and all that manure. The king said he wants present concrete in the coffers evidence not future projections or opinions ---- and so far the price is not high enough for his liking that is for sure because it can so easily be brought down , every morning at 7 am
I cant wait for this summer, its gonna be fun.