Speculation that the ECB will force the hand of Greece and hopes the clam will announce QE3 have oil and basic materials trading higher essentially holding up world markets at this point. Also in Europe automakers are trading well.
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$5 gal is the price you have to pay for a 401-k plan worth more than 4 digits.
i think oil is the easiest to manipulate. the markets can often be dragged or lead around by oil
I don’t know if oil is the easiest to manipulate because I’ve never heard of anyone cornering the crude oil market. Sheer size prevents it getting that far out of hand. I’m not saying it doesn’t get manipulated though.
But next to currencies it probably has the highest impact on the markets.