This blog is dedicated to discuss the political economy of oil markets with a critical and historical approach. Oil has become a unique commodity in modern capitalism. Its market has been driven by transnational corporations and financial markets speculation. Articles, papers and personal comments on the global oil market framework, its fundamentals, supply and demand, cartels, imperialist policies, and the underlain class struggle issues are being daily gathered.
Traders reasoned that no matter how confident consumers might be, a spike in gasoline prices could prevent them from making those key purchases that keep the U.S. economy going... so U.S. Treasury debt prices ticked lower.
posted by Aberto Handfas | 2:41 PM
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