Oil Prices

[yewkim]

Goldman article basically plays games with correlations. It just sounds fancy with all these terms but unconvincing to me.

Supply and demand are non linear dynamics. And is probably statistically non stationary with respect to prices.

Exactly, market is always forward looking. Remember last year, when data out was mostly bad, but the Dow soar even higher and break new high. That is because market assume that FED will not increase rate as economy is not doing well. So in the end, bad news was good news.

This is happening to oil too. Despite all these bad news in the media, it drop is not volatile. That is a good sign. I believe it is heading higher later,