Suspicious Timing I find the timing of the new Covid-19 variant news release yesterday very suspicious at best with US markets closed and today shortened trading in US markets.
There are 100 reported cases of new variant and WHO needs about a month to analyze and evaluate. South Africa has one of the world's lowest vaccine rates at 24%
Biden tried to manipulate oil prices by release of strategic reserves which failed.
I am sure WHO and CDC and world leaders have known about this new variant for awhile. These governments were working together to release oil reserves and are working together on the highly suspicious timing of news yesterday. Many traders are off today for long weekend.
Biden and the other governments co-ordinated the timing of the news release and border closing to certain countries.
Oil dropped $10 today last I saw at $70.
The chess game continues and we will see how OPEC+ responds to the news and oil pice drop.