It seems my calls for oil to fall, or that was a suckers rally were right...finnally it seems the fundamentals are just catching up.
The market is full of oil and the correspondent derivate products, so is not a suprise we are starting to see a major correction in the price of the barrel, I attribute the last rally to speculation by retail and some instituitional investing, nevertheless if we don't see massive buying coming back through for example the way of ETF buying I believe we will see oil back to the low $50's...
