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Will Oil's Move Up Force Risk Assets Down?

Posted on May 22, 2008

Oil. If one wished to summarize May's financial market trading in oneword, that would be the one. Crude's stunning rise has befuddled many,including regular posters D and Mr. Prop, as well as Macro Man himself.Anatole Kaletsky blames the speculators;unfortunately, the quality of the CFTC data on specs is insufficient toreach an accurate judgment of the matter, as index investors show upas commercials. One of Macro Man's favourite analysts, Goldman's JeffCurrie, suggests that oil's been dragged up by the back end of thecurve, which has needed to rise to attract appropriate levels ofinvestment...

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crude , trading