Overdone on Oil PricesChina will be a big buyer of oil at this level.
US SPR buying -- no new news that is how we can tell the price drop is manipulated.
Draws are said to continue.
China economy will turn.
American drivers will drive more. Why buy an electric car at 3 bucks a gallon.
Even with current differentials the prices are ok.
Saudi doesn't like 72.50
Eric Nuttall doesn't like 72.50 :)