Market analyst admits – this market's not rational

RPT – Supply data drive crude oil to close below 49 usd –
said Kyle Cooper, energy analyst at Citigroup, in a note to clients. ‘We don’t see a fundamental reason for that. But fear of what could happen, as opposed to the realities of what is truly happening continues to dominate market psychology.’

This is what’s called a phobia. What the oil market needs is a different kind of analyst.

More on oil on my site Financial Options including The Secret Way to Play Oil.

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