In a week, it is a question of US inventories: oil is up.
Next week, it is a question of a riot in Nigeria: oil is up.
In another week, it is a hurricane in Caribbean: oil is up.
Last week, Iranians put Brits back home: oil is down!
What a huge business, for traders. And for owners!
What about the consumers!
Today, we see this: Crude oil plunged $2.77 a barrel in New York, the biggest decline in three months, on speculation that an Energy Department report will show U.S. inventories jumped last week as refiners unexpectedly shut units.
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