Quote:
Originally posted by jyl
Well, the hedgies and speculators eventually move on to the next asset. That part of the oil price run-up will end up as a burst bubble.
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Just to further illustrate jyl's point that there has been a "run-up" this graph shows the crude futures traded on the NY Merc Exch since 5/22/02 (as far back as Bloomberg would allow).
