| The Fed’s decision last week not to begin the tapering off of its Quantitative Easing saw oil prices shoot up about $2 a barrel. If the minds of commodity traders were linear (insert your comment here), then that would imply that about $15 of the current oil price of $105 a barrel was due to the pump priming (financial, not physical) of the Fed.
This would conform to the current futures strip, which puts the mid-2015 price at about $90...............................................Full Article: Source |