Frankly, you would be hard pressed to convince me that the price of oil is totally manipulated and not at all tied to the free market.
The minute prices decline too much, suddenly the inventory report shows up as having less in stock than was projected. Similarly, prices to high? Report conveniently timed to show that the crude stocks are higher than “estimated”.
The oil market is a scam and is totally rigged.
Speculators did their damnest to keep oil over $100/bbl. The bubble finally burst late last year. They’ve tried to reinflate the bubble, but can’t get it to stay above $60/bbl. Anyone who is an oil speculator should be forced to actually take delivery of the black, gooey stuff. Then we’ll see how long speculation lasts.
Am I reading you wrong or are your first sentence and last sentence opposite from each other?