It appears that some of those pesky oil speculators have decided to cash out of the big oil futures crap game, according to MSNBC.
Oil continues its rapid fall, down more than $20 over the past several days – despite some of the traditional factors that have triggered mass hysteria and big price run-ups on the trading floor like hurricanes, threats against pipeline security and the like.
While at the same time, what appeared to be bi-partisan action in Congress to crack down on speculators has been bogged down in a procedural squabble.