I'm more irritated by the fact that oil prices are going up for absolutely no reason whatsoever. Just because it can. There's no reality or reasoning behind the entire process...
http://www.msnbc.msn.com/id/6220339/"In my mind, this is a market that is looking for an excuse to go higher," said Phil Flynn of Alaron Trading Corp.But with a weaker stock market and analysts expecting another build in inventories when the government releases its weekly report Wednesday, oil is being held in check, he said
"They're buying just to buy into the momentum," said analyst and trader Stephen Schork.
"No one is looking at the fundamentals."
--end--
Translation: We're driving the prices up because we can.