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S&P 500
5,464.62
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-0.16%
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US TECH 100
19,220.00
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-0.20%
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Dow Jones
39,150.33
(
0.04%
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Brent Oil
84.39
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0.00%
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ahimsak

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ahimsak

Re: None

Wednesday, 05/27/2020 6:53:47 PM

Wednesday, May 27, 2020 6:53:47 PM

Post# of 37918
West texas crude, in reality, fell to about $10 a barrel, or 1990's low prices, back on April 20th,and stayed like that for a week.

Is now back to $32 a barrel. Bear market bounce?

BTW, it was at $65 back in January.

So, if oil is at half its price, why is the market flying higher? Is this all about the fed, and short covering?
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