What happened to the good old days when Oil prices revolved around supply and demand figures and relations to economic resources? Now all you see it oil manipulation and excessive volume trading to drive the price of oil higher or lower. Resource numbers are irrelevant, now its just about price fluctuation and daily volatility. Firms trade oil contracts as if it's an ETF taking the price well above and well below what a nominal status price would/should be. A few years ago when oil traded higher, it was seen as a negative and the market would trade lower. Now when oil trades lower, its seen as a terrible event and preoccupies the marekt and drives it lower as if lower oil prices meant the fall of man or something. This market has become a hoax filled with bullshit. it really is a shame that better regulations aren't put in place because for the last few years there definitely hasn't been a "fair and orderly market" oil is shit.