No matter what theory oil analysts used to explain the spike in petroleum prices over the summer, this week those analysts were saying that those factors -- geopolitics, supplies of refined products and hedge fund speculation -- are working in reverse to drive prices down. -
Factors That Pushed Oil Price Up Are Now Pushing It Down
No matter what theory oil analysts used to explain the spike in petroleum prices over the summer, this week those analysts were saying that those factors -- geopolitics, supplies of refined products and hedge fund speculation -- are working in reverse to drive prices down.-
By Steven Mufson