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Fundamental Analysis says the oil price should be lower – but speculative investment is keeping it high, why?

PlattsOilNYMEX June crude settles up $2.08/b at $53.20/b Friday despite staid equities, dollar. June RBOB, heating oil both settled up 5.16 cents
The oil price support continues to fascinate me given the current demand and days of stock cover.  I expected this quarter to be a very low demand cover leading into driving season, and it [...]

[ More ] May 2nd, 2009 | 1 Comment | Posted in Oil & Gas |

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