[VolandoVengoVolandoVoy]

(02-04-2015 11:38 PM)pheonix500000 Wrote:  

(02-04-2015 02:26 PM)VolandoVengoVolandoVoy Wrote:  

(02-03-2015 06:51 PM)RougeNoir Wrote:  

"Oil prices up 19% in 4 days."

http://money.cnn.com/2015/02/03/investin...il-prices/

And down 7.5% today so far. I think there are some shenanigans going on. The mini rally of the past few days started when a bunch of traders were covering short positions or something. I don't know.
Someone who knows a lot more than I do has made hundreds of millions of dollars in the past week.
I'm not hating, I would do the same...wish I was the one pulling the strings.

Wait, doing what?

Manipulating the oil market. Pump and dump. If I had to guess I'd say oil is headed for low to mid 30s, and the temporary rally was likely the result of some market manipulation that made a bunch of money for some clever and amoral people.