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The G-7 lays down the gauntlet to the longs, its finance ministers saying they're monitoring the...

The G-7 lays down the gauntlet to the longs, its finance ministers saying they're monitoring the oil market "closely," and ready to call on the IEA to "take appropriate action." Of course, IEA chief Maria van der Hoeven was on the wires earlier saying the market is well supplied and not in need of an emergency stockpile release.
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Comments (4)
  • Guardian3981
    , contributor
    Comments (2090) | Send Message
     
    If the market is so well supplied why are prices twice as high as 10 years ago?
    28 Aug 2012, 10:02 PM Reply Like
  • Lakeaffect
    , contributor
    Comments (1049) | Send Message
     
    Maybe because the dollar is worth half what it was 10 years ago?
    28 Aug 2012, 10:11 PM Reply Like
  • kmi
    , contributor
    Comments (4041) | Send Message
     
    Guardian, its a combination of demand growth and speculative permanent long positions .
    28 Aug 2012, 10:22 PM Reply Like
  • dividend_growth
    , contributor
    Comments (2895) | Send Message
     
    Because of too much liquidity
    29 Aug 2012, 12:43 AM Reply Like
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