as usual- prices are going up in evening - normal marketHere we go again , oil prices going up now tonight - then around 7:30 am it will gap down say .50 to start the USA manipulation party. oh I forgot the manipulators hate the premarket before the 10:30 oil report so as usual it should be pretty flat until 9-9:30 am until manipulators get some news on the report before all of us, as usual.
Oil is a manipulated market but soon manipulation wont count because it will be good to see supply actually meet deamand like in 2010. Bravo to the arabs that is a fnatastic economic 101 strategy that will work. It took 10 years to realize that actual demand should be a bit more than supply and not always the other way around . The written press (like that investing .com site)manipulating perceptions with the IEA as partners - it will have to stop because hey suplly and demand are a reality now. Get it? when you auction off the only parachute in a plane going down it does not matter what IEA type of people say.