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Chris B is a
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You're right that this was a trading-related event, but not for the reasons you suppose. I think lots of traders were expecting Katrina-like damage and buying long options. When the damage didn't happen, these positions got squeezed. Doh!
Sep 02 11:13 am
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All Comments by Chris B »The Dynamics of Oil Prices [View article]
So much for using the past to predict the future.