Al Fin Energy: Why Do Oil Prices Go Up?
Oil prices fell from $147 per barrel to a low of $32 per barrel in December 2009. Those who all along maintained that China and India were the cause of oil and commodity price inflation must have been embarrassed by this crash. … awash with $1.175 trillion in excess reserves, which they could not lend profitably and with reduced risk, futures markets have been on a speculative rise as illustrated by large rebounds in gold, oil, food, and many other commodity prices. …
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