This is exactly how we manipulate markets and it's bullshit.
Discussion
You are upset that markets are working as they should? I don't follow.
Prices spike on tariff announcement and, as if by some magic, we have a news story drop that warns of oversupply is market manipulation.
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.
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.
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.
"crude inventories unexpectedly rise"
?? how does that happen? who is sitting on unaccounted barrels & barrels? there is no "unexpectedly" !!
that's the lie.
I realize I have no actual idea of your background or age, but I'll assume you don't do anything in manufacturing, imports, exports, or raw production.
Do you have any idea how the country and then news outlets gets its economic data? It is a combination of fact finding, self reporting, and actual ria inventory levels. Analysts make estimates, then the numbers come in.
Every month, quarter, year, I am required by law to fill out manufacturing data, goods moved, etc . And also an annual US census report that has similar data but also includes values, goods moved, employees, imports, exports, goods used, types of inputs and outputs.
Analysts get it right, they go high and they go low. It happens. Then markets react.