Replies to post #18545 on VelocityShares Credit Suisse 3X Long Crude ETN (UWTIF)

[Nebuchadnezzar]

OIL is tied to US $ with .9689 correlation

the missing .04 is demand and supply



http://www.unilad.co.uk/video/this-traffic-jam-footage-from-a-50-lane-chinese-motorway-is-ridiculous/

all the proof I need to know that demand is there, but dollar strength is greatly distorting the price of oil.