Speculators...Ok I give up. The oil supply inventories are up yet the price of oil continues through the roof! What's up?!
1. Value of US dollar is declining rapidly
2. Oil demand is rising, mainly China and IndiaOk I give up. The oil supply inventories are up yet the price of oil continues through the roof! What's up?!
The dollar is weak, which also contributes.
Oil companies are making record profits.
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