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December 5, 2004
The speculative nature of the futures markets was made abundantly clear again last week when crude oil prices plunged, with many of the traders who had pumped up prices in recent months suddenly deciding to dump their contracts. Oil prices dipped by about $7 a barrel, going all the way down to $42.05 to hit a three-month low, and we should start to see lower prices at the gas pump as well, just in time for holiday driving. . . . (to read the remainder of this article, please log in below.)
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