alonzo

Oil Price Moves (February 11 - March 27)

Interesting but the real reason that Oil is jumping all over the place in recent years is because the big hedge funds are playing the market in many areas including the price of a barrel of oil. I have followed the market for over 60 years and I have never seen oil jump daily like it has been doing for the past number of years. The Hedge funds do the same with stock.They buy, sending the price up, then after a few dollars they dump and short, then repeat the process. These guys deal in large numbers and can alter the bid and ask at their wim. you notice that 3 or 4 of them made billions in the past year. They have screwed up the market for the average investor.