As Oil Pumps & Dumps, Goldman Really Wishes You Would Stop Focusing On Fundamentals

Following crude's epic collapse two weeks ago, I noted that Goldman was quick to suggest HY Energy investors "shake off a splash of cold water." As the bank patiently explained, "investors are overly focused on US supply data at the expense of strong global data." Of course "investors" will be forgiven for this "misguided" myopia. I mean you know, crude stockpiles are at record highs (although last week's surprise draw means they aren't at record-er-er highs), production is soaring, and the r