| The price of oil dived 3% on Tuesday as Greece announced plans for a referendum and stock markets panicked. Within 24 hours, Brent blend had bounced back and on Thursday was cruising along on not far short of $110 per barrel. This is historically a very strong price which puts 2011 on course for the highest year-average oil price on record. But why?
If the rest of the investment community is factoring in the possibility of a double-dip recession then surely energy prices should reflect a big potential hole in demand resulting from major economic slowdown...............................................Full Article: Source
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