Wednesday, May 13, 2015

CRUDE OIL PRICE DROPS even as INVENTORY DROPS

CRUDE OIL INVENTORY is still at 80 year highs


EXPECT LOWER PRICES and then LOOK OUT ABOVE

There's sort of a CRUDE OIL WAR between nations and OPEC as each fight to move the price higher and lower.  You'll probably see quite a choppy market for WTI CRUDE between about $50 and $62.  As soon as this market makes a turn higher it's going to be disastrous for the consumer.  Let's hope we can make it through another summer without gasoline prices rising:

...developing...