Oil inventory up by 2,000,000 barrels and oil is still floating higher....haha
Wonder what happens if there is an unexpected draw down of inventory... Could easily see $75 oil by summer .....I can't wait for $3.50+ a gallon for gas...consumers are going to love it....
It seems that whatever took place at that series of meetings in February (along with some other machinations), was the deliberate weakening of the dollar (and with ECB and BOJ going full bore easing), the risk was even further dollar strength and further "risk off"...So now we sit here and see report after report suggesting weakness, AAPL collapses and the other indicies levitate in place, etc, etc...Just further confirms that CB activity is far, far, far more relevant than any "fundamental" concerns...Hence, literally everyone is focused on the "Fed put".