RE:RE:WTI priceThe large drop in oil financial markets today seems very strange to me.
Yes this market is very large - but large is usually associated with difficult to manipulate.
How would a government manipulate a financial oil market? It would seem to be an SEC violation in the US. Its not something the fed could do. Governments can talk things up or down, but taking positions in derivative oil markets is something else.
Whatever happenned today is beyond me.
As Goldman Sach said about oil today, financial markets are telling you one thing, and physical markets are telling you something very different.
If it were recession fears - then the S&P and NASDAQ would not of been up.
As for OBE, I'm not one to invest based on Charts - but it, and most of its comparables, appear to be at the tripple bottom level - for whatever thats worth. It seems like an appealing entry point.