The Black Box

[WinLoseOrDraw]

nice timing..

http://biz.yahoo.com/rf/040318/energy_markets_funds_1.html

Fund buying adds $8 premium to oil price--experts
Thursday March 18, 3:50 pm ET
By Richard Valdmanis

NEW YORK, March 18 (Reuters) - Red hot crude oil prices have surged as much as $8 per barrel above their fair market value due to an influx of money from speculative hedge funds, energy experts said on Thursday.

"The fundamentals are bullish but it is hard to justify $38.00 (oil prices)," said Bill O'Grady, director of futures research at brokerage A.G. Edwards in St. Louis. "I see the fair value at $30 to $31."