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Description: For the last several weeks, oil trader Stephen Schork has been betting that prices would fall. Instead, they kept rising. And every day they ticked higher, he lost money.

Source: CNNMoney.com

Date: 05/06/2011

Link: http://money.cnn.com/2011/05/06/markets/oil_prices_speculators/index.htm

  • Questions for discussion:
  • How did Stephen Schork decide that the time was ripe for shorting oil?
  • What contributed to oil’s rise since February and its recent fall?
  • What factors might contribute to a rapid return to higher prices?

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