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    Oil steady in Asia after spiking to record near $106
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    Others see prices rising as high as $120 as investment capital continues to flow into oil. "We have the speculative funds and investors betting that oil pricing will strengthen. On the other hand, we have the commercial players, who actually ship and use the oil, betting that prices will decline" Shum said. "Lately, the noncommercial players are winning and driving oil higher because their money is searching for better returns and oil has performed much better than equities and bonds since the middle of last year," he said. Full Article at Houston Chronicle
    We have the speculative funds and investors betting that oil pricing will strengthen. On the other hand, we have the commercial players, who actually ship and use the oil, betting that prices will decline
    SOURCE: Houston Chronicle 21 months ago
All quotes from:
Oil steady in Asia after spiking to record near $106
  1. Lately, the noncommercial players are winning and driving oil higher because their money is searching for better returns and oil has performed much better than equities and bonds since the middle of last year
    SOURCE: Houston Chronicle 21 months ago
  2. The strength in oil pricing smells of a bubble ... the oil market might be primed for a pullback ... At some point, some event will trigger financial players to exit oil as fast as they've got into oil.
    SOURCE: Houston Chronicle 21 months ago
  3. There are expectations that the dollar will go lower, and that's driving money into commodities ... Traders now have this mantra: sell the dollar and buy oil, or buy commodities.
    SOURCE: Houston Chronicle 21 months ago

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