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WTI Crude Tumbles To $44 Handle (As Algos Forget US Closed)
Despite US markets being closed for Labor Day, WTI Crude futures traders algos appear to be following the post-EU close run-the-stops pattern. Despite rising tensions in the middle-east and China promising their market is stable, WTI Crude is down almost 4%, back to a $43 handle...
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Don't worry Janet will save us
The Bakken Shale investors will go bankrupt before Yellen moves her sorry ass to do anything but fill up her plate at the buffet line. The only thing that can save the Dean Man Walking shale industry in the short run is the captive media honestly reporting on the war going on in the NWO Mediterrean Theater of Operations. But to do that, the press would run afoul of our jihadist president and satanist followers, who, like the pedophiles murderers who ran Britain in the 1980s (including Home Secretary Leon Britain), think they will never get caught sanctioning murder at home and abroad.
I don't think Janet or anyone linked to a Central Bank can do anything. I think they really have lost control and are privately shitting bricks! I mean, shouldn't oil actually be lower? Since oil is primarily traded in dollars and because the past few years have seen an extraordinary expansion in the money supply, shouldn't oil be somewhere in the teens or 20's ($) a barrel? ...and if demand is dropping because economic activity that utilizes petroleum is decreasing (as well as increased efficiency), could the real price of oil be considerably lower than the 40's gyrations of the past two weeks?
Oil is trading like silver now. WTF !
It is Obama's war against Russia and US controls every market for now:
Think about how the Obama administration sees the state of the world. It wants Tehran to come to heel over its nuclear programme. It wants Vladimir Putin to back off in eastern Ukraine. But after recent experiences in Iraq and Afghanistan, the White House has no desire to put American boots on the ground. Instead, with the help of its Saudi ally, Washington is trying to drive down the oil price by flooding an already weak market with crude. As the Russians and the Iranians are heavily dependent on oil exports, the assumption is that they will become easier to deal with.
John Kerry, the US secretary of state, allegedly struck a deal with King Abdullah in September under which the Saudis would sell crude at below the prevailing market price. That would help explain why the price has been falling at a time when, given the turmoil in Iraq and Syria caused by Islamic State, it would normally have been rising.
http://www.theguardian.com/business/economics-blog/2014/nov/09/us-iran-r...
Efficient Worldwide Market. Oil is fungible, don't cha' know.
Eugene Fama and other staunch defenders of efficient markets would say new information is getting priced in today, and just because mere mortals don't understand what exactly that new information is, doesn't mean the market isn't efficient.
The beauty of this assertion is that it is untestable.
So we're left debating the number of angels that can dance on the head of a pin. Now.. back to my alpha-generating Gregorian chants.
We need to unionize the algo's......
#algoslivesmatter
It's just deflation before hyperinflation
Even if they get caught, they will get off scot-free..
What does it matter?
Maybe it is this. It's OpEd, but still strait from Kremlin.
https://www.rt.com/op-edge/314640-syria-military-russian-media/
gee ... there doesn't seem to be any solid floor there anymore ...
Why does America even talk to the Arabians and let them into the country?
They wage trade wars against the American oil industry and destroy billions over billions of economic wealth.
And Obama sucks their dicks?!!!
Why to oilworkers in America let this all happen?
Don't they have a spine? Are they all idiots?!
I assure you the Obama Administration is a hijacked government run by human jackals. Worst possible situation and a real buzzkill. Gotta work through the fear to see clearly what to do to protect what's yours, because that's all you can do.
obama........................remember how in his first election they crooned his fucking name?
It's all about Iran coming back on and Saudi Arabia backing thhe deal.Obama must have told them that the idea of Iran developing the bomb was all a bunch of bullshit.More propaganda that was finally revealed as complete and utter nonsense.Eliminate one more bombing plan by the neo cons.
So let me get this straight. The markets are closed but the Algos are allowed to trade? WTF.