Don’t Forget JPM’s role in this too. It has been documented that they rent supertankers to store oil and drive the price up. Then they can sell when the price is high. They also like to corner other commodities markets and have been caught doing it.
It is obvious that today was a sell day. Those involved sold oil and bought US treasury’s. My guess is that the word went out from the FED and treasury that They could not keep pumping oil prices up because everything was going to come unglued. And the treasury rates were going up too before today.
It is easy for the Fed to pull strings because so much of the money the bankers play with comes from the FED in the first place. The article I posted above gets into that little bit. We are funding out own fleecing.