Speculators Played Part in Driving Oil Prices Up

There was much debate during the summer of 2008 as to whether speculators were playing a role in crude's record run towards $147/bbl. The manifest decline in volume and rising inventories indicates many speculators have exited the market, leaving end users (Parties actually involved in the production and employment of oil in the operational mode) to buy and sell futures contracts.

Read More...

[Source: Investing Articles from EzineArticles.com - Posted by FreeAutoBlogger]

No comments: