Is The Trend In Oil Changing? Paul Singer, Morgan Stanley, Raymond James Weigh In

Oil soared today as talk deep inside hedge fund circles might be centering on Paul Singer’s charge that oil appears to have been manipulated to a low level. Singer and hedge fund manager Carl Icahn have both noted that the differential between the relatively small supply adjustment of nearly 1.5 million barrels per day resulted in market price swings lower of dramatic proportion. This previously noted anomaly came into sharp focus today as Paul Singer confirms previous supply and demand variables reverberated by unnatural forces not paying attention to basic math. Markets mean revert after manipulation, as the SNB Swiss…