Crude Headed to $80s? Massive Speculative Positions vs. It’s the Economy Stupid

Crude Headed to $80s? Massive Speculative Positions vs. It’s the Economy Stupid

March 13, 2014 0 By News Desk
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With the slowdown in China, and global slowdown in general, inquiring minds may be wondering "where is the price of oil headed?" No one can answer that question with certainty, but Saxo Bank has an opinion worth considering. Via email Steen Jakobsen, chief economist of Saxo Bank explains …

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Crude Headed to $80s? Massive Speculative Positions vs. It’s the Economy Stupid