Athabasca Oil Corp T.ATH

Oil is up today morning!

[Paray99]

Yesterday's big drop even after depleting US SPR and much lower weekly inventories was very dramatical. So, obviously today morning oil is $3 up. Now we have to see how it hold on through the North American market day. Expect bears work their ways in when US markets are open. 

I just heard on BNN that oil supply is excess in North America.... They already started working through the media!

[MigraineCall]

Hold your horses fella. Oil popped on the news of the Keystone shutdown, unknown how long it will be off for as of yet. Brent up by 1/2 as much, so fade WTI. If the pipeline is repaired and back online quickly, expect further short term downside. Long term very bullish though.

[Paray99]

I told you before market opening that US market is capable of pulling down the oil price, even with growing demand. And now they succeeded to bring +$3 down to -$0.80.....  Funny, right? But this is the reality this week, until US market cannot control it anymore, where the oil will rise to $100.