Oil Prices Rising: Are Speculators Back In Action?

06/12/2009 05:12 am ET | Updated May 25, 2011

Many are asking the question about oil prices: Is this deja vu all over again? Didn't we just go through a several-year run-up in prices based largely not on fundamentals, but on traders bidding them up, ultimately to $147 a barrel? Only then to see them plunge to $32 a barrel?

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