Breadcrumb trail navigation:
By Javier Blas, Commodities Editor
Published: May 6 2011 10:40 | Last updated: May 6 2011 10:40
The $10-plus rout in oil markets on Thursday has not only brought some big losses to bull investors, it has also damaged the reputation of the oil market. It is ironic that the sell-off happened on the eve of the first anniversary of the equity markets "flash-crash" of 2010.
One can look for answers for the rout "“ the US dollar, fears about economic slowdown, a sell-off in silver, a calmer Middle East after the death of Osama bin Laden, etc. "“ but the truth is that there is not an easy fundamental reason to explain why oil prices dropped more than $10 in a single day.
You have viewed your allowance of free articles. If you wish to view more, click the button below.
Read Full Article »