Was watching CNBC on tuesday morning this analyst was saying a record number of options were expiring this week. He thought the traders would push the price over $100 and then he felt a qucik drop into the $80’s was likely, especially with summer driving season over. He was saying that crude is the new currency, because no one wants $ and euros may be overvalued as well.
>>He was saying that crude is the new currency,<<
Then I am throwing out all my white pants.