Benchmark: Hedge grows
Tue, Sep 23, 2008
Crude Investing News reports the resurgence of oil futures and it is close to US$120s.
Two competing theories have been presented. It is argued that the American government’s massive reaction to the financial sector crises has restored confidence and allayed existing fears of further demand destruction and recession. To my mind, the more persuasive theory is that hedge-funds and institutional investing houses remain deeply worried that the financial sector will not recover, and are thus flocking back to commodities.
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Tags: crude, deal, demand, gain, invest, investing, investors, iraq, new, news, Nigeria, nymex, oil, Pipeline, price, prices, production, shares, shell, speculative, speculators, stock, stocks, trade, violence, well
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