Saudis warning AGAIN about oil short selling.....just re-inforced my belief that oil is being manipulated and current pricing is all but ignoring market fundamentals. hit the play button RE:ERIC NUTTALL but i digress...What's interesting is this is their 2nd warning-the 1st was when oil prices temporarily spiked after they annouced surprise cuts to punish short sellers about a month ago. Included in this was the rational that the PAPER for oil trading (futures/options etc) far exceeded trading in the actual physical product and OPEC was going to be more agressive to bring "price stabilty" to oil...maybe good news indeed..dwdc
PS...some of the gassier stocks-CREW, KELT are up 20% from recent lows....go figure.