So question for the market guys out there.
I have yet to even read a report that the bail out has been approved. So are people in the market speculating that the companies that are going to receive the bail, going to enter the oil market?
If these companies that are getting a bail out go into the oil market, they will inflate the price themselves due to huge volumes. So the price could even get any higher.
A few weeks ago, oil was going down because the middle east wasn't in crisis, and 2 hurricanes set to "destroy" the refineries in Texas and Louisiana didn't live up to expectations. So oil went down to to around $90 / barrel. What struck me as strange, was usually when there is impending doom and gloom, oil usually goes up.. this time it went down. Anyone care to explain that one to me?
It just seems more and more at least with oil, there is some serious market manipulation going on. Not sure from who, it just does feel "right".
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