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Per barrel, decline of 1 . It is all about what happened in europe and all the Market Action after the European Central bank cut key Interest Rates and introduced another round of bond buying and that triggered massive reversals across the market. Look at the euro. 108 at some point. Now it is higher by 1. 9 . A bid to safety here in the United States with the ten year treasury rallying. The yield is 1. 952 . Lets bring in tim seymour of trimanagement. Good to see you. What are we seeing in your view of the massive reversals . An unwinding of all of the positions going into the meeting or is this telling us something more sinister about the markets and what the markets believe and if they believe in mario draghi . I tend not to believe in the sinister. That had people overcommit capital and overreact to certain things. There is a higher euro and lower dollar. What i thought was most interesting is the comment that they dont see the need to reduce rates further and everyone talked about

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