InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
AI Subscribe Login/Register account icon
S&P 500
5,777.04
(
0.45%
)
US TECH 100
19,677.60
(
0.54%
)
Dow Jones
42,422.00
(
0.81%
)
Brent Oil
76.41
(
-1.22%
)
Bitcoin
61,350.00
(
-1.26%
)
Post# of 72979
Next 10
Reply Private New
Public Reply Private Reply New Post
Keep Last Read
Keep Next 10 Report Keyboard Shortcuts
Next 10 Prev Next

samaelrocks

Send PM Follow Ignore
Followers 10
Posts 3317
Boards Moderated 0
Alias Born 06/29/2006

samaelrocks

Re: None

Tuesday, 05/27/2008 4:09:59 PM

Tuesday, May 27, 2008 4:09:59 PM

Post# of 72979
Who set's the price of Oil?

I understand supply/demand and OPEC's control over it. However, is it the speculators driving the price up or are the speculators riding on whatever OPEC dictates?

Just curious because I don't understand the relationship speculators have with Oil other than they bet if the price is going up or not. But is it speculators buying contracts/shares driving the price up?

If anyone has a link, I would love to read a bit more on this and appreciate the help!
Public Reply Private Reply New Post
Keep Last Read
Keep Last Read Next 10 Report Keyboard Shortcuts
Next 10 Prev Next
Join InvestorsHub

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.

Sign Up