Not even Georgia, Ike hurricane OPEC cut or Venezuela tensions push oil prices?

It's incredible, when there's a trend no "news" may break the trend, in this case, a downtrend for oil.

So, what really breaks trends is certainty (when markets become one-sided)?
 
Quote from crgarcia:

It's incredible, when there's a trend no "news" may break the trend, in this case, a downtrend for oil.

So, what really breaks trends is certainty (when markets become one-sided)?

*Scooby Doo "HUUHHH??"*

It's not supply and demand?????
 
Quote from rc5781:

*Scooby Doo "HUUHHH??"*

It's not supply and demand?????

Of course it's supply and demand

Demand is lower, prices are lower; however, we are a the lower end of the ST cycle so look for a bounce in crude from these levels. It could go as lowas 90 before rallying
 
heck not even a serious flight to quality on the stock index sunday weakness kept a firm bid under crude tonight

on second thought

rally that black gold !

:p
 
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