Why Is Crude Moving Today? Consult the Wheel of (Oil) Fortune
Why Is Crude Moving Today? Consult the Wheel of (Oil) Fortune
(Bloomberg) -- Some days, it’s hard to tell just why oil futures are gyrating. Fortunately for this journalist, a colleague passed along a website that helps to clear the fog.
Wheeldecide.com, which features wheels to help you decide difficult questions, including What to Do on a Date?, and What Should I Do Today?, also offers Why Is the Crude Moving?
The choices on the wheel include “Fat Finger,” “Roll Started” and the always-useful for down days “Profit Taking.” While some of these options are common for many markets, and some are outdated -- such as “Obama” -- the designers included one sure-fire fallback for oil: “Middle East.”
--With assistance from Michael Bellusci
To contact the reporter on this story: David Marino in New York at dmarino4@bloomberg.net.
To contact the editors responsible for this story: David Marino at dmarino4@bloomberg.net, Mike Jeffers, Joe Carroll
©2017 Bloomberg L.P.