The article here suggests that Vitol was able, on that given day.... Its contracts amounted to 57.7 million barrels of oil, about three times the amount the United States consumes daily.
Given the revelation of this particular piece of information, does it not change your view that there are in fact several groups--perhaps smaller groups, very powerful groups--who, on a 5% margin, can possibly implement or change the market fundamentals, notwithstanding all the players? The fact is that there seems to be demonstration here of a handful of players who have tremendous market power and are doing enormous damage to the economies of the world, including Canada's.