SEARCH BLOG: OIL
Recently, I wrote that I thought oil prices were showing the classic "bubble" signs we saw for the "dotcoms" and housing prices... with a likelihood of a similar correction.
That was when prices were about $98 per barrel. Yesterday, prices were here:
That's not exactly the extent of the correction I had in mind. This is more like it.
Conditions still are not right for that, but there is talk....