Dear Leonard, what did you think about the weakness in oil lately and especially this morning? It can't be that all (geopolitical) risk is suddenly gone.
I won't pretend to understand all of the oil market. The overall trend has clearly been down for a while (and I think that speaks to economic growth conditions). A +/-5% move in a day is almost certainly crowded positioning related.
Great stuff.
Dear Leonard, what did you think about the weakness in oil lately and especially this morning? It can't be that all (geopolitical) risk is suddenly gone.
I won't pretend to understand all of the oil market. The overall trend has clearly been down for a while (and I think that speaks to economic growth conditions). A +/-5% move in a day is almost certainly crowded positioning related.
probably manipulation of prices because of the upcoming elections