19.10.2010 - What’s driving oil’s volatility?
From Hardassetsinvestor.com: Last week oil went for a bit of a roller coaster ride—with a low of almost $81 and a high of almost $84 (though not necessarily in that order). But that's nothing new. Oil's been pretty volatile for the past few months, bouncing between $72 and $84 all summer long: Crude's gone up and down and everywhere in between. And then there was last week. Oil started last Monday in the $82.25 to $82.50 range, but lost around a dollar or more (depending on where you draw the lines) by Tuesday morning. By Wednesday, crude had gained that dollar back and then some, almost touching $84 by midmorning Thursday. But on Friday, it spiraled down to near $81..............................................Full Article: Source
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