The correlation co-efficient in May of 2008 was 0.833. In 2009 it’s a negative (0.101). Crude is completely failing to exert upward pressure on gas prices like it did last year.Crude oil is the favorite of the inflation traders, with a myriad of exchange-traded products offering retail investors a way to place leveraged bets on the fuel. I think natural gas is showing that the current run-up is prices is driven by recovery speculation and inflation expectations, not a real recovery.
Israeli Missiles Hit Iran, the Price of Oil Jumps 3 Percent
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In a game of tit for tat, Israel strikes back at Iran for Iran's missile
launch against Israel. Iran's attack on Israel was in response for Israel
illegall...
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