OIL 32$, falling off a cliff,wtf???

falling apart in the last 30mins...dropping 2 $ and now down 3$....WoW...

 

Oops 32-37 $5 in 30 min swing.

 

Futures expiration phenomenon. Feb has not really budged.

 

uso spiked 80cents in 1 minute?Oil didnt rally...still down 3 50...

 

back to 33. Who can trade this stuff? Do you just hope or do you do the JFK spread to Rio?

 

im interested in uso but its hard to figure out how it moves in relation to oil movement at times.Sometimes it lags etc. guess its leveraged.

 

Jan crude oil moves towards session lows at $33.44

now off $2.52 to $33.70


Feb crude is higher by 36 cents to $42.03

 

No one wants the Jan Crude because the storage facility in Cushing Oklahoma is totally full with crude.

No place to put it.

 

Jan crude, which expired at the close of pit trade, closed off by $2.35 to $33.87