Replies to post #4678 on VelocityShares 3x Inverse Crude Oil ETN (DWT)

[Swing Party]

And the dollar, and the eia report, and big money (manipulators)

[mark3030]

Correct my thinking I am wrong.

But if refineries are down because of flooding that means they are not processing crude. Now this would effect gasoline stocks and increase the draw but crude pumps are still pumping and increasing inventories with less draw from refineries. And when the refineries come back online they are not going to increase production to make up for down time. So any refinery disruption will hopefully make the crash even bigger.

[letj21]

I would argue oil is running because people hang on every word the Saudi's say.