I See The Crude Oil Market Is Being Manipulated Today

[gab13by13]

The US blockade of Hormuz is supposed to reduce 2.3 million Bpd of oil, but;

WTI down 3.5%
Brent down 2%

What a fucking joke, maybe based on another round of Kabuki Theater negotiations going on, Krasnov wants a cut of the toll.

[ProfessorGAC]

1. Or...

...the original increases were a typical overreaction to an event by the commodity marketeers.
Everything is not a conspiracy, especially when looking for reasons in an irrational system.

[gab13by13]

2. There's a war going on in the ME.

Ukraine is blowing up Russia's oil infrastructure. OPEC output has been down.

When a Democrat is president and refineries shut down to switch blends, gasoline jumps up 50 cents a gallon.

[Johonny]

3. The gap between futures and actual brent oil

Would indicate either the market is extremely optimistic of the future market compared to oil on sale right now, or the historic gap in prices is a sign of manipulation. Sense few of us deal in commodity markets, I think we should all be safe. Some speculators might not be so safe.

[MichMan]

4. Did you invest $$$ buying long?