In a word, no !

Read this;

http://tinyurl.com/owenscy

This is the sort of article that Arjay would write.

James O'Neill is correct. Rob Kirby of Kirby Analytics says this will crash the oil derivatives and eventually the $ US.
http://usawatchdog.com/oil-derivatives-explode-in-early-2015-rob-kirby/

Wake up people the markets are all manipulated. See my link.

Oh Arjay, I keep advising you to take a Bex and have a nice lie down.
But seriously, there is one thing about the oil market, it is so big
that it is very hard to manipulate.
The major oil companies are in financial difficulties on a scale that
makes them too busy to be fiddling the market.
They want as high a price as they can get.
What would you say about companies that are selling assets to pay dividends ?
Remember Woodside ?

No it is down because the world economies are on a go slow.

However what Rob Kirby says is quite possibly true.
If the prices continue near $50 the tight oil will continue flowing and the littlies
will pay their debts out of cashflow for most of this year.
However drilling is slowing and will stop and production will then
fall and then it will hit the fan towards year end.
That is my prediction with guidance from Berman's article.

If the central banks are controlling all futures markets, there are no free markets.http://usawatchdog.com/central-banks-secretly-controlling-all-futures-prices-chris-powell/

MSM will not print any of Chris Powells findings.

Arjay,
how do the central banks stop someone refusing an offered price ?
How do central banks stop someone offering a higher price ?