If You Are Fed Up With Traders Speculating On Oil Prices, Wait Til Traders Speculate This Commodity!
It is hard to watch the news these days without hearing about excessive oil prices. It’s also difficult to listen to the oil crisis rhetoric without hearing somebody blame it on the NYMEX traders who speculate on the price of crude oil. Before you can make your own opinion, it’s important to understand why the price of oil is determined through such a mechanism. After we fully understand this, let’s compare oil to another commodity which may be priced in a similar fashion in the future: water. Continue Reading »
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