Quote:
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Crude hit $106.54 during trading today (a new record high). But it closed at the low price of $105.
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I'm glad someone stated that because the words that need to be highlighted here are "during trading today". It's not actually the true cost of oil, it's the cost of it after it was subject to speculation in the market. Something that should be illegal in my humble opinion.
*Trying desperately not to introduce politics here*... but it is a legislative issue and not a terrorist/inflation/cost/usage issue. Since I already know that a "free market" doesn't exist here, it wouldn't be a problem at all for me if legislators outlawed speculation on necessities, especially one that effects almost everything you buy like oil does.
Edited to add: Ah, I see you guys already know that
TOO. Nevermind me.