Traders are wary of reading too much into "demand destruction" replacing geopolitical risk as...

|By:, SA News Editor

Traders are wary of reading too much into "demand destruction" replacing geopolitical risk as the driver behind oil prices on a day when the ECB surprised the markets and sparked a dollar rally. But PFG Best's Phil Flynn says evidence mounts (I, II, III) that "high energy prices are beginning to hurt," and asks, "Is the U.S. economy going back into a pre-QE2 malaise?"