After 8+ years of this nonsense, you still believe that Central Banks can cure all of your economy's ills. When in reality you are just robbing one country of it's exports in order to feed your own, if only for a very short time.
I remember when oil moved like a commodity should ...fair value? Ha....ever since the central banks got involved with their pathetic money printing schemes and propping up of markets its impossible to find fair value in the oil markets and any other markets for that matter....they have completely destroyed what a real market used to be....
Please explain how this analysis of oil squares specifically with oil rising to $140 during a lengthy fed tightening cycle?