Thread: Oil Tumbles as Signs of Slowing Economy Spur Commodity Selling
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Old 12-07-2008, 05:11 PM   #42 (permalink)
bkkandrew
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Quote:
Originally Posted by Norton View Post
Quote:
Originally Posted by Jet Gorgon
It's supply and demand.
Show me where supply decreased or demand increased because Iran conducted a missile test? IMO, oil price hikes in this case are based on pure speculation!
Expectations (probability-based) of future supply decreased with the test. Hence the price increase. Simple really.
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