To: Attention Surplus Disorder
Understand one of the larger refineries in Baton Rouge is shut down because of the flood so increase in oil price is not surprising.
Our gas went up $.15 a gallon overnight. Bizarre and not necessary but guess the powers that be didn’t want to let a perceived but untrue crisis go to waste.
6 posted on
08/18/2016 11:37:48 AM PDT by
Grams A
(The Sun will rise in the East in the morning and God is still on his throne.)
To: Grams A
There is that, plus the balance of speculators has shifted slightly bullish and we have the recnt noise from the Saudis. But IMHO the biggest impact is from the hammering the USD has taken over the past month and is really taking today. It is not always these forces work in tandem, but when they do, they usually produce fairly dramatic moves.
Chart of UUP (USD index):
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