Are Skyrocketing Oil Prices justified by Fundamentals?

Date of publication: 
15 July 2008
Pages: 
4

This ECMI Commentary by Piero Cinquegrana considers the phenomenon of the six-fold increase in oil prices over the last seven years and asks whether this massive increase is justified by fundamentals or is the result of a speculative frenzy in commodities driven by bear markets in bonds and stocks.