MSchapiro
Distinguished Member
- Joined
- Sep 26, 2011
- Messages
- 2,118
- Reaction score
- 335
It is likely because there are no new serious long investors, just people playing vol now.The way oil prices jump and tank based on stupid reports and inventory levels is quite frankly absurd. We should have a much better gauge of just how much slack there is.
Monday: oil supply unexpectedly grew by 1 million barrels, price tanks 3-4%
Friday: baker Hughes reports rig counts dropped by 100, price shots up 6%
So ******* stupid.