Traders having made their bundle, oil drops 9% in 4 days, dollar rebounds a little

[mattkime]

lafinfil wrote:
[quote=mattkime]
i'd still like one person to explain how speculation drives up prices.

Interesting discussion on yesterdays Here & Now with Bloomberg Business's Ed Wallace on exactly this

link to interview with Ed Wallace

Blame High Oil Prices on Speculators and Bernanke http://www.businessweek.com/investor/con...786652.htm
Those articles say that its happening partially because the dollar is weak and partially because large institutions (mainly banks) are shoving their money into commodities.

They'll eventually decide to unwind that position and when they do, it'll be ugly for them. If its a bubble.