Jun 14, 2008

When Is The Oil Bubble Going To Burst?

Liam Dann has an interesting look at the reasons for the current ridiculously high price for oil. He concludes that part of the problem is speculation, and that a bubble has formed. Bubbles always burst. We just don't know when.

What happened to oil prices as the US Markets closed for the week?


Nymex Crude Future
134.86
-$1.88
-1.37%
Brent Spot
134.38
-$2.14
-1.57%
WTI Cushing Spot
134.86
-$1.88
-1.37%

Not a bubble bursting unfortunately, but moving the right way.