Crude oil moved forcefully higher on U.S. inventory data, but traders are selling into the rally. This is a good example of how speculators can drive prices in both directions when prices become either overbought or oversold. Speculators follow the market, but they don't drive it!Wednesday, August 13, 2008
Crude Moves Higher on Inventory Data
Crude oil moved forcefully higher on U.S. inventory data, but traders are selling into the rally. This is a good example of how speculators can drive prices in both directions when prices become either overbought or oversold. Speculators follow the market, but they don't drive it!
