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.
