Everybody was looking for $100 oil and it seems like CL has topped out at $99. The market is perverse, isn't it? I expect crude oil to go back down now and flush out weak longs down to $80 or so. Long term, I think crude oil is going much higher, but with the US market in a bear, it will keep a lid on crude for a while.
Funds know that 'the sheep' will be trying to push oil to $100 just for the hell of it. So they are selling and shorting. 'The sheep' are too dumb to know they are being played with. This is how they re-distribute money from the fools to the smart rich. CAPITALISM