RE:Another crude dumpThe problem is,.. they are NOT selling real oil, but fake paper futures contracts, and at the end of the contract term, they can settle in cash only. No oil needed.
That is the criminal rigging way done in NY and Chicago. they can rig the prices anytime they want.. If is just the matter of world allowing them to do that.
they came up wih some fake news about oil, and, boom, the go short when the trade is light.
lovehockey wrote: Someone just dumped so much oil for no obvious reason and the oil price dropped by a dollar within 60 minutes. The price of oil can only rise if these people run out of oil to dump.