Demand For Oil Down - Price Up
Want to know why gasoline prices are up? Me to. I have no idea if they are right in their analysis. But I do trust their tracking numbers.
For a more complete snapshot of the current state of the economy visit Purchasing.Com
Cross Posted at Classical Values
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1 comment:
Two hypotheses, not mutually exclusive.
1. Speculators, buying into the media line on the economy, are buying oil in anticipation of a demand increase.
2. Investors, afraid of future inflation, are converting money into real assets, including oil.
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