People like this piss me off.
The SEC needs to find out how much this guy has riding on oil futures. Sounds like market manipulation to me.Oil prices have surged up more than $8 to new record high above $136 a barrel after a Morgan Stanley analyst predicted prices could hit $150 by the Fourth of July. A falling dollar and growing tensions in the Middle East are also pushing prices higher.
Light, sweet crude for July delivery has traded as high as $136.62 on the New York Mercantile Exchange. Prices hit a previous record of $135.09 a barrel on May 22.
This latest surge is building on a $5.49 gain Thursday, which was the biggest single-day price increase in the history of the Nymex crude contract.
One person can raise the price of crude for the entire world? My question: If this unknown twit had predicted $80/barrel oil by July 4th, would the price have gone down?
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2 comments:
It really makes you wonder, doesn't it??
If that's what he's doing, they need to put him in jail, where his future will be heavily manipulated.
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