Richard_Peterson

Richard_Peterson
Contributor since: 2013
Company: MarketPsych Data
That's true, and the media hype propels big oil consumers to get long (to hedge their implicit short positions). So ultimately it's like a media pump-and-dump. Predictable and ultimately disappointing.
Absolutely agree, we need to see the war rumors die down before the sell-off begins. There is a risk premium in oil prices that will leak out gradually once the missiles fly (if they do).