Random Thoughts as Oil Nears $102

By: streetwise (Diary)  |  September 10th at 11:59 AM  | 

What a difference a few months make! Crude oil began the year at roughly $96 per barrel. It surged to $145 by mid-July, and has plummeted to near the $102 level today. Massive amounts of cash flowed into the commodity markets this year, looking for the next hot ticket after the debacle of the mortgage-backed and CDO markets. Prices, predictably, moved upwards. But the 50% | Read More »