Dennis Gartman says tapping the strategic reserves could have an unexpected result: higher...

|By:, SA News Editor

Dennis Gartman says tapping the strategic reserves could have an unexpected result: higher prices. Sure, oil prices would fall at first, but without a distressed market as would be the case after an attack or natural disaster, the market would quickly expect the oil to be repurchased and replaced. And if a big buyer steps into the market, "speculators could drive oil to new highs." (also)