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Title : Try As They Might, Movers And Shakers Can't Move Oil -- August 13, 2018
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Try As They Might, Movers And Shakers Can't Move Oil -- August 13, 2018

It seems the preponderance of energy headlines for the past two weeks has been that the oil situation will get tighter, and by implication, the price of oil will rise.

Saudi Arabia will implode without higher prices.

But here we are, after another week and another weekend in which movers and shakers tried to talk up the price of oil, WTI has fallen 2.4%, has dropped $1.62 since this morning, and is now trading at barely above $66.

Both Goldman Sachs and the IEA have talked of oil prices going higher by the end of the year.

Right now, 12:00 noon, straight up, the price of WTI is $66.01.

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