Icahn, Singer Note 93 Million Barrel Thin Blue Line in Oil

Carl Icahn is from the old school of trading. Not only did he recently endure significant pain on a three year euro trade, exhibiting the stick with a trend until it turns positive attitude of Boston Red Sox owner and  trend follower John Henry, but Icahn knows that when the oil market stretches this far in price, this fast, it’s likely to create a mean reversion opportunity. He just doesn’t know when that it will start.

Carl Icahn notes the reason for oil price drop

In a CNBC interview today, Icahn addressed the thin blue line in oil: the magical 93 million per day consumption level. Calling the level very sensitive to a small differential in...