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China: Lots of Oil Price Speculation
Posted on May 21, 2008
Idon t normally write so much about the stock market but today, likeyesterday, the stock market seems to be at the center of events. Not unexpectedly, the SSE Composite started the day badly after yesterday s awful 4.5% drop to 3443. By midmorning it was down a whopping 2.6%, to 3355. Laterin the morning, however, it partly recovered and then quickly gave itback again. In the early afternoon it suddenly shot up in lessthan two hours to 3544, which is 5.6% off its lows for the day and 2.9%above yesterday s close. What caused this surge? Thefirst thing to note is that although over ...
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