"Suprise crude build" - "Suprise crude draw" - repeat, ad infinitum - [PEACE] [AND] [RIGGED] [MARKETS]
zen at freedbms.net
Tue Oct 6 16:38:22 PDT 2020
There is so much cynicism in certain rigged markets, for example the oil cartels, that their media don't even -try- to contain the crap
The WTI, West Texas Intermediate, is a primary benchmark used by financial and trader types for the price of black gold:
can refer to a grade or a mix of crude oil, and/or the spot price, the futures price, or the assessed price for that oil; colloquially WTI usually refers to the price of the New York Mercantile Exchange (NYMEX) WTI Crude Oil futures contract or the contract itself. The WTI oil grade is also known as Texas light sweet, although oil produced from any location can be considered WTI if the oil meets required qualifications. Spot and futures prices of WTI are used as a benchmark in oil pricing. This grade is described as light crude oil because of its relatively low density, and sweet because of its low sulfur content.
And so, year in, year out, week in, week out, we get around 2 news articles per week, one which is titled something like today's:
WTI Slides Back Below $40 After Surprise Crude Build
and the other which is its inverse, something like "WTI Now Above $45 After Suprise Crude Draw".
These tick tock is like clockwork - a literal "surprise crude build" followed by a "surprise crude draw".
Week in, week out.
Always both, build and draw, and each is always a "surprise".
It's pretty funny actually, and although it's been going on for years, the headlines literally never change, always the same (bar the actual numbers), with around 2 "surprises" a week.
Oddly, even after years of seeing these two headlines each week as "new" news articles on Zerohedge, it always brings a wry smile, which is almost certainly due to a sleepy neurone rattling around my head wondering why it's so alone "and surely there's another neurone in here somewhere" - as they say, "simple minds". But I'll have you know -right- now, I experience absolutely NO shame in finding these recurring headlines humorous ;)
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