https://finance.yahoo.com/sectors/energy/articles/why-oil-not-200-biggest-120000278.html
Something quite interesting here, it's all interesting- to summarize the rest the reason oil isn't where doomsayers said it would be is due to China being really disciplined, mixed with increased us exports, emergency measures etc, all the stuff we kinda knew about, but still everyone is like "Why isn't oil still at blah blah and when will it"
Well, here's the really interesting bit. Trump being retarded and or manipulating the markets with all the shit he says that's blueballing and driving everyone nuts here? that's what's keeping prices down.
"Another factor keeping a lid on prices has been Trump’s relentless jawboning, making it hard for even the most bullish traders to hold long positions for prolonged periods of time.
Open interest in Brent crude futures is the lowest since August as elevated market volatility forces traders to roll back risk exposure. Steep price drops on the prospect of peace have pushed many oil bulls to the sidelines, leaving them to hold small positions for very limited periods of time, several traders said.
The lack of risk-taking has helped keep a lid on financial flows, while supply levers have averted the worst hit to the market. The question now, is whether that can last without a peace deal.
“It’s basically this anticipation that there’s a solution just around the corner,” Tom Baker, head of Vitol Bahrain, a unit of the world’s top independent oil trader, said at a conference this week. But no matter how quickly production is restored, “you’re still left with a hole — whatever you want to call it — a billion barrels of oil that is missing.”"
While I will never give this man credit for 24d intergalactic backgammon the fact that every time you start bulling up prices he's going to fucking lie and then you'll get shorted out of existence by whoever is profiting off this game with insider information is...
kinda fucking hillarious.
tl;dr everyone looking to rob is is getting repeatedly robbed by trump insiders keeping prices down until things go completely out of control and have to rise. so any additional profits that would be traditionally stolen by these traders get stolen back by the "Everything is peace" price drop short that eats whatever they *profiteered and gives it to trump insiders meaning they can't rape us lest the rape profits get raped away.
...which i do have to admit IS 24d intergalactic backgammon if he knows he's doing it.