(EnergyAsia, January 22 2010, Friday) — Wall Street bank JPMorgan said that 96% of swings in weekly oil prices between 2006 and 2009 were due to sharp inventory movements caused by sudden relaxation or tightening of crude stockpiles. The remaining 4% could be attributed to speculation or pure position changes by investors, the bank said…

This article is for Subscriber members only.
Register
Already a member? Log in here