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The most important factor driving oil prices higher recently has been changing assessments of...

Aug. 16, 2012 10:32 AM ETUCO, OIH, USO, OIL-OLD, DBO, USL, DTO, OLO-OLD, SCO, DNO, BNO, CRUD, FRAK, SZOXFBy: Carl Surran, SA News Editor1 Comment
The most important factor driving oil prices higher recently has been changing assessments of how strong the world economy will perform over the next six months, James Hamilton writes. Markets seem to be betting that favorable economic trends in the U.S. and China are enough to outweigh weakness in Europe, but "whether markets have [it] right remains to be seen."

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