U.S. crude oil inventories are at their highest levels in almost two decades, and demand has fallen to a 10-year low, but crude oil prices have climbed more than 70 percent since mid-January to a six-month high of $62.04 on Wednesday.
[From Are Wall Street speculators driving up gasoline prices? - National Business - MiamiHerald.com]
Sometimes I'm really glad I didn't waste any time in my youth studying economics, all that stuff about supply and demand, blah blah blah.
It's all about the investors, turns out.
No comments:
Post a Comment