Hello MarketClub members everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Tuesday, the 17th of April.
President Obama looks into oil manipulation...
This is just pure political pandering to the masses. The world oil market does not just revolve around the US anymore. India and China are increasing players and are buying more oil in the world markets. It is the demand from the world for energy that is pushing prices higher, not the speculators.
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