Oil and stocks are trading pretty much tick for tick. If you look at the pre-market action in the USO vs the SPY its almost perfectly synchronized!

Since it is end of quarter is it possible we are seeing run-ups in oil and nat gas specifically related to the trading of the 2 proxies that exist now...USO and UNG. Its an easy way for portfolio managers to show they own crude without actually having to hold the commodity. Just wondering here if whats happening here is a huge technically distortion as stocks are getting blown out from one side and being replaced by energy proxies on the other. Don't forget we have a proxy for coal (KOL) and a proxy for gold (GLD).

Food for thought...at much higher inflated prices of course!