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Time to Short Oil Due to Excessive Speculation? Think Again

Posted on May 22, 2008

It's weird how normal $100 plus oil suddenly seems. Oil has gone parabolic, and this chart from Bespoke Investments seems to suggest that things could be getting toppy. Speculators are not very popular right now. Futures trading in many commodities across the world has been banned. Numerous experts have spoken out that most of crude's price today is due to speculation and a strong inflow of funds . Indeed, I came across this interesting article where an analyst was commenting on the rampant speculation in the oil space:...

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crude , trading