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  • Speculators Continue to Drive Oil Higher at Risk of Global Recession [View article]
    Why are so many people having trouble understanding that daily current world supply has been grater than daily world demadn for the current quarter by almost 2 miilion barrels or more, yet the price has risen at least $40 during this period.

    And you don't think the CIFs with a billion worth of contracts sin the last year or so, driven by the greedy fund mangers at Goldman Sachs, JP Morgan, MS and MF Global, with their "analyst reports" are not the reason for the high price of oil, and other commodities...well, dream on...
    YG
    Jun 18 22:45 pm |Rating: 0 0
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