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That's not market manipulation, it's literally just markets. Formerly live traders, now just computer terminals with people and algos.

A month ago inventories edged down and future forecasts lower.

When opec makes cuts or announcements price dips or spikes.

Nothing new. It's just markets reacting.

Nunya Bidness 5mo ago

I see this happen more often than not as I look at this stuff five times a week and when the oil markets open on Sunday. If it was every once in awhile, I would agree with you but it doesn't.

In contrast we have the inverted relationship between crude and NatGas: ~ 80% of the time when crude is up, NG is in the red and vice versa. Now THAT is the market. Traders are using one to hedge the other and that's organic.

Dropping a "well timed" news article about inventory numbers I think have been as bullshit as the CPI for years isn't organic. It's manipulation.

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Discussion

Liberty Farmer 5mo ago

The official eia inventory report comes out as 1030am eastern. Like clockwork. The petroleum industry self reports at 430p est on Tuesdays. Lol. Not a well times story, literally just the release as is supposed to be.

Nunya Bidness 5mo ago

I still smell a rat.

Liberty Farmer 5mo ago

Lol. Perhaps.

If anything, I would blame Trump or his admin for dropping the Russia tariffs news a few hours before the API report was to be released.

Nunya Bidness 5mo ago

I'm tellin' ya . . . something ain't right with that fish in Denmark.