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| Not saying there wasn't spec money in crude at 148, but the reason why oil went from the 20s all the way to 148 is because demand was outstripping supply flow. Specs only control the short term. Fundamentals control the longterm. Why do you think we are in the 90s yet and not back to the 20s? Spec! LOL Don't listen to the msm. They know nothing or won't tell you what they know. Oil is not going to fall out of bed, no matter what the msm tells you. Value of the dollar also plays into it big time. | |
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