Crude oil prices are off 2.7% percent today, touching $124.30. There has been a more or less straight line crude oil decline for two weeks now, dating back to May 21st, with prices down 7.5% in the period. Hmm, May 21st. Now what could have been special about that day? I wonder, I wonder. Oh, now I remember: That was the day the Senate Judiciary committee hauled in some oil executives so they could do a little election-year posturing. Nothing like the Senate "tell" for marking a market top. ...
Anytime
Crude oil prices are off 2.7% percent today, touching $124.30. There has been a more or less straight line crude oil decline for two weeks now, dating back to May 21st, with prices down 7.5% in the period. Hmm, May 21st. Now what could have been special about that day? I wonder, I wonder. Oh, now I remember: That was the day the Senate Judiciary committee hauled in some oil executives so they could do a little election-year posturing. Nothing like the Senate "tell" for marking a market top. ...