Thread: Why is no one complaining about oil shorts now?

Why isn't the media & the loudmouths complaining about speculators betting oil will go down?? I guess speculators are OK sometimes, eh?

Hi there,

We have recently seen huge fluctuation in oil prices. The price of a barrel of crude oil has fallen to about $40, its lowest level in four years, as demand falls due to the global financial crisis. I think we are now entering a new era of lower and more stable oil prices for years to come. That does not mean we will not see other bull markets along their way but get used to the markets trading different than they did throughout most of this decade.

The US, eurozone and Japan are already in recession and investors are concerned that oil prices could sink as low as $25 a barrel if the global downturn hits major emerging countries such as China and India.

Regards