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Oil prices

  1. Jun 17, 2009 #1
    With the economy still in the tank, why are oil prices going back up?
     
  2. jcsd
  3. Jun 17, 2009 #2

    EnumaElish

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    Nice pun :smile: My guess is that the investors are finding out that the world is not headed to a depression, and oil prices are probably a leading indicator of future recovery.

    See, for example:
    http://money.cnn.com/2009/06/16/news/economy/oil_on_rise_again.fortune/index.htm

    http://www.investorsinsight.com/blo...he-recovery-a-leading-indicator-to-watch.aspx

    http://www.indiadaily.com/editorial/13805.asp

    http://news.xinhuanet.com/english/2009-05/31/content_11462763.htm

    But, also see: http://www.fxstreet.com/fundamental/market-view/market-insights/2009-06-09.html
     
    Last edited by a moderator: Apr 24, 2017
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