Thursday, 20 November 2008

Crude oil price...That was a speculation for sure...

The price of the crude oil touched the levels below 50 dollars...the commodity that was trading above 120 dollars a couple of months ago now is looking for buyers at a price of below 50 dollars... from the trend the way the prices have fallen..it appears to be speculation and herd mentality which had made oil a costly thing to be traded..for sure it was not driven by fundamentals!

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