The funds are sharing the blame for hyper-elevated oil prices this winter, said French bank SG. The general feeling seems to be that they have “more money than sense”, with the sheer magnitude of the monies they must invest so enormous that they are putting “too much” into long positions in oil futures, creating an…
MARKETS: SG attempts to answer why oil prices have stayed high
Posted on January 26, 2004 by EnergyAsia