Observing Brent in the first two months of 2013 has been a bit like watching a broken barometer. It is not clear what the market has been reacting to, as prices swing to and fro, but it certainly hasn’t been fundamentals. Volatility has fallen to its lowest level for almost two decades. But what remains seems to have been induced by hedge funds rather than changes in physical supply and demand.
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On March - 6 - 2013 Articles of Interest
