RE:Oil manipulationYeah CB69, The dots are not connecting like they normally do. I received a Whatsapp message about Netanyahu being urged to nuke Gaza. I googled it and yup, there it was. Many stories about Likud leader pressuring Netanyahu to nuke Gaza. One from the Daily Mail claiming that Netanyahu discussed it with Biden. I reckoned that just the talk of nuking Gaza would send oil through the roof. But no response from the markets.
Seems like there's a lot of scary talk being spread around that the market is shrugging off. Anyway we're close to receiving some production numbers from bte. That's about the only thing that I can see that will move the needle much on bte sp because wti will probably remain pretty stable if talk of nukes doesn't even move the needle by adding a huge risk premium to oil prices.