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Tag Archives: Oil Monopoly

Crude liquidation

[Skip to the end] Heard last night index funds have liquidated the equivalent of maybe 140 million barrels of crude. Add to that trend followers who went from long to short, and it’s way more than enough to explain the sell-off. Since the Saudis don’t want to make their price setting status obvious, they ‘get […]

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Posted byWARREN MOSLERSeptember 6, 2008 @ 5:52 pm (Saturday)Posted inOil, TradingTags: Oil Monopoly, Saudis4 Comments on Crude liquidation

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