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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