“High levels of volatility are normally a sign that a mania is coming to an end. Oil prices will then be left to find their own value, on the basis of real market fundamentals of supply and demand. That, after all, is the key role of any market, to provide ‘price discovery’,” says the author.Editor’s note: This blog post is an opinion piece. The views expressed are those of the author and do not necessarily represent those of ICIS. Paul Hodges is the chairman of consultants International eChem.
BLOG: Speculation in the crude markets hurts the real economy
12 September 2016 09:57 Source:ICIS News