tom2987

'Index Speculators' Responsible For Commodity Prices?

US Declining: Hmm. Well, if so, we have a TON of declining to do. Ranks by GDP.

1 United States 13,843,825
2 Japan 4,383,762
3 Germany 3,322,147
4 China 3,250,827
5 United Kingdom 2,772,570
6 France 2,560,255
7 Italy 2,104,666
8 Spain 1,438,959
9 Canada 1,432,140
10 Brazil 1,313,590

'Index Speculators' Responsible For Commodity Prices?

8 million barrels less this week because of fog.......Please, these supertankers have radar, it's not a problem for them. Unless, nudge wink "sorry, it's too foggy, we have to wait" driving down inventories.

Market manipulation.
Was this supposed to be part of Goldman Sachs supposed "super spike" that they were reporting last week? Sorry GS, the market is getting too smart for you now. Were are the reports showing that we imported 16 million less barrels in the last 4 weeks than over the same time last year. Can you say Demand destruction.

Where will oil be next week when all of those tankers, 2 million barrels each, have to unload. Surplus of 15, 20 million for the week? Let's see what happens to oil prices then. Get ready for the crash and short oil.