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Commodities Briefing - Categorized | Oil, Price Watch more

Oil roars back to $100, but does anybody care?

Posted on 30 November 2011

Oil price volatility is back, and so are calls for investigations into what’s driving it. Taxpayers have paid for countless similar probes for decades, without a single conclusive result.
Before this decade, it was unheard of for crude oil prices to jump a few dollars a day unless the U.S. was under a trade embargo or about to go to war. And even then, the outright price of oil was hardly prohibitive (recall that for the entire month leading up to the Iraq war in March 2003, oil did not cross $38 a barrel, let alone $100)………………………………………..Full Article: Source

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This post was written by:

VRS - who has written 36951 posts on Opalesque Commodities Briefing.


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