There is no logic at all for oil to rise to 72 USD for barrel.
Oil inventories are record high across the world.
Supply is much more than demand.
Yet, the price rise defy all logic and continue to climb upwards
in the same fashion as before the financial crisis.
A sign of another bubble in the making.?
That speculators are back again 'fixing' the market before
they let go.? Or will this bubble push to 150 USD and then
go off with a back across all commodities.?
The culprits are the speculators. That is for sure.
But will they wreck havoc like before.?..only time will tell.
Oil inventories are record high across the world.
Supply is much more than demand.
Yet, the price rise defy all logic and continue to climb upwards
in the same fashion as before the financial crisis.
A sign of another bubble in the making.?
That speculators are back again 'fixing' the market before
they let go.? Or will this bubble push to 150 USD and then
go off with a back across all commodities.?
The culprits are the speculators. That is for sure.
But will they wreck havoc like before.?..only time will tell.
