(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…
MARKETS: JPMorgan claims most oil price swings due to inventory shocks
Posted on January 21, 2010 by EnergyAsia