Marina Schwarz

Oil Price Drop: Blame it on Algos

Recommended Posts

Haris Anwar, Senior Analyst at Investing.com, blames the “machines” for the sell-off. "Rather than saying that inmates are running the asylum, I think it's more appropriate to say that machines are running the oil market,” explains Anwar. “And that's pulverizing oil, with the few remaining bulls in the market unable to make any sense of what's going on, particularly when you have U.S. stockpile draws and Libyan force majeure. The narrative remains on the glut and the combination of record U.S., Saudi and Russian production." Here. I think this guy may well have a point.

Share this post


Link to post
Share on other sites

1 hour ago, Marina Schwarz said:

"Rather than saying that inmates are running the asylum, I think it's more appropriate to say that machines are running the oil market,” 

Welcome to the AI Zombie Apocalypse.

 

1658afba31c4852496c51047d9330751bcded5a431ac435b657103abdcdeec16.jpg

  • Haha 1

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
You are posting as a guest. If you have an account, please sign in.
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.