The price drop leading into the SPR release indicates that the market may have been anticipating the move and selling oil accordingly.Mike from East Texas was suspicious as well.“When presented this information in this simple but elegant format, how can we not believe that someone in a position of some authority did indeed know what was in the works regarding the SPR?” Gartman wrote.
Thursday, July 7, 2011
Did Markets Know Obama Was Going to Tap Oil Reserve? - CNBC
Did Markets Know Obama Was Going to Tap Oil Reserve? - CNBC
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