Why Oil Has Fallen Dramatically Since QE3 And Why It Could Drop To $82 |
| October 04, 2012 | October 2012 Bond Updates |
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Oil markets seem to have defied logic in the second half of 2012. From late-June to mid-September, crude oil prices surged 28.9% despite an oversupplied market and cooling demand as the global economy slowed, supposedly on fears over a possible conflict between Israel and Iran. Exactly as the Fed unleashed QE3, WTI peaked, and has since tumbled more than 12%, dropping 4.2% on Wednesday despite the pledge of unlimited liquidity from Bernanke, the ECB, and other major global central banks. |
| View more at: http://www.forbes.com/sites/afontevecchia/2012/10/03/why-has-oil-fallen-dramatically-since-qe3-and-why-it-could-drop-to-82/ |
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