Osama strikes again...

Nervous oil market does a Jack n Jill and blame the crash of WTC of oil prices on usual suspect, Osama, the terrorist of yesterday.

Lately the supply side was weighing heavy on the demand lightened by Japan factor combined with refineries maintenance outages last month. Besides, India and China started tightening their monetary policy to screw down rising inflation. On the whole, it was just an overdue eventuality that Price tangent moved into a negative zone.

Tightening supply of Crude oil, specially of sweeter taste, has prompted investors like Goldman and Morgan to keep crude high on their menu. Therefore, the last slide in crude prices should be viewed as correction before the driving season starts in USA and Japan falls back to normalcy.