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Traders must think the big fall in rig count will curtail supply...also short covering when price fails to go down. The dollar pulling back also helps as Alex stated.
And there's also the possibility that big money smells a geo-political event that will be bullish for crude.
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Traders must think the big
Steve, if inventories were greater than expected, why is oil ...
Posted by steve on 25th of Mar 2015 at 11:50 am
Traders must think the big fall in rig count will curtail supply...also short covering when price fails to go down. The dollar pulling back also helps as Alex stated.
And there's also the possibility
Posted by puma on 25th of Mar 2015 at 12:37 pm
And there's also the possibility that big money smells a geo-political event that will be bullish for crude.