Excerpt from: Futures and Commodity News
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| November 12, 2007 | | Futures traders seek the volatility of oil prices | Futures traders in the commodities market may want to consider that oil prices are dropping a bit. Some analysts believe that oil prices are more likely to move sideways or down due to the fact that oil prices are up mainly on speculation, and not necessarily on the fundamentals. The AP reports on oil prices:
Many traders and analysts say the effect of any output hike on oil prices is likely to be limited as the recent rise in crude futures has had more to do with speculation than a real demand for Middle Eastern crude. | | |
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