Crude recovered later in the session. Apparently false rumor was circulated saying the Saudis were going to increase production. Lies!
Somebody wanted to be sure their short paid off. They should be able to tie in those that cashed in big on shorts AND who issued the false statement about the Saudis and send them away for a long vacation. And reclaim the profits so Uncle Sam has enough cash to give it away to someone else.
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If the Commodities Boom is Over, I am just a Gold Bug headed for the Windshield of LIFE