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Timely comments designed to scare the hell out of the weak hands. Very few coincidences in this business.

Crude Oil (WTI) and Crude Oil Diffusion Index (DI)


Headline: Oil price drops more than 3 percent

Oil tumbled more than 3 percent Tuesday after Goldman Sachs warned investors that crude is due for a "substantial pullback."

Goldman analyst David Greely noted that global supplies remain "adequate" even though the rebellion in Libya shut down production there. Before fighting broke out in February, Libya exported about 1.5 million barrels per day2 percent of global demand -- mostly to Europe.

Source: finance.yahoo.com