Tag Archives: CL

Speculation: Stocks versus Commodities

Posted on May 9, 2008 by BMWFan

Oil surged above $126 today. Speculators are buying options on oil reaching even $150 in the next two weeks. The speculative fervor was fanned by a Goldman Sachs report that oil might spike to $150 or even $200 in the … Continue reading →

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Crude Oil: Free Markets meets Cartel

Posted on May 9, 2008 by BMWFan

Oil prices reached an all time high, reaching an intra-day high of $123.79 today. The weekly IEA report showed that crude oil and gasoline inventories had gone up significantly more than predicted. The crude oil inventory was up 5.65 million … Continue reading →

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