GETTING TO THE BOTTOM OF CRUSHING OIL PRICES: PART 2.

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  • Author(s): Reid, Keith
  • Source:
    National Petroleum News. Mar2011, Vol. 103 Issue 2, p14-21. 8p.
  • Additional Information
    • Subject Terms:
      PETROLEUM product sales & prices; PRICE increases; MARKET volatility; SPECULATION; MASTERS, Michael; COMMODITY exchanges
    • Abstract:
      The article focuses on the factors affecting the increase in oil prices worldwide. It mentions the fundamental role of speculation in driving oil price volatility and price increases as affirmed by oil analysts and investors. Michael Masters, portfolio manager of Masters Capital Management LLC noted that speculators or investors are purchasing crude and other commodities for diversification or inflation hedge purposes leading to a distortion of traditional metrics and a shift in market dynamics.