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

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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  • Bear Bait
    , contributor
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    My assessment is that Europe has quieted down so it not a good place for big Hedge funds to make money so they are moving out of shorting Europe and have moved their money into oil speculation.. Someone has the numbers on European shorts and the increase in the number of oil contracts being sold. Show me I'm wrong!
    16 Aug 2012, 10:51 AM Reply Like
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