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Commodities Briefing - Categorized | Market Moves, Oil more

Oil: Reining in the speculators

Posted on 09 March 2011

From Economist.com: Few relationships in life are as tight as that between rising oil prices and increasing complaints about commodity speculators. First, it’s not true that American output was falling in the first half of 2008; GDP declined in the first quarter but rose in the second. Second, the oil market is global.
While American output stagnated in early 2008, growth in places like China continued to soar and demand for commodities followed. Indeed, the fundamental trend in commodity prices, including oil, over the past decade has been a general upward movement as demand growth outstrips supply growth……………………………………….Full Article: Source


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VRS - who has written 36685 posts on Opalesque Commodities Briefing.


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