Reuters Staff There has been an oil bubble, and it bursted. Bulls will be bulls, but the oil market won't get hot soon. Those analysts who warned that oil prices can’t go on rising forever now have the chance to tell everyone else “I told you so.” Brent and WTI have fallen by9 percentsince the highs they hit in late January, with the international benchmark slumping toUS$64.42today in midday Asian trade, and West Texas Intermediate falling toUS$60.61a barrel. The problem with bubbles is th...
Reuters Staff There has been an oil bubble, and it bursted. Bulls will be bulls, but the oil market won't get hot soon. Those analysts who warned that oil prices can’t go on rising forever now have the chance to tell everyone else “I told you so.” Brent and WTI have fallen by9 percentsince the highs they hit in late January, with the international benchmark slumping toUS$64.42today in midday Asian trade, and West Texas Intermediate falling toUS$60.61a barrel. The problem with bubbles is th...
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