RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:cj is falling below $6,50You call the markets irrational and are caused by politics because you can't find the answer but refuse to believe the one proffered. That is conspiracy belief. Do I have to copy and paste that definition for you again? LOL
Again, the record low inventories are American inventories. Oil is a gobal commodity. China has good growth but lower than expected (again futures duh).
You are parroting a perma-oil-bull and quite frankly 1 analyst but won't believe the 99 others that have far more control over the market than EN.
Did EN say he heard that democracy is on the ballot this election too? LOL I doubt it.
BTW under a rock is still further above ground than you are rabbit hole dweller.
Anyway CJ seems to be reacting rationally to the oil price...unfortunately.
GLTA
VeritasVern wrote: Fantastic that you can do a copy paste what anecdotal means. I'm sure you are really impressed with yourself.
Ah so I say the oil markets are irrational, point out facts like record low inventories, good GDP growth in China and the US and how the price decline is overdone. In fact Nuttal has the same opinion so you must think the same of him, just saying random anecdotal things....
You, instead, like a parrot, just echo the irrational stories about demand destruction while ignoring the stats, facts. Try peeking your head out from underneath that rock once in a while it may help your ailment.