Middle East Economic Survey

VOL. LII

No 32

10-Aug-2009

OIL PRICES

Oil Speculation Is Back On The Front Burner

By Shawkat Hammoudeh

Dr Hammoudeh is Professor of Economics and International Business at Drexel University. He can be reached at hammousm@drexel.edu.

Oil has been viewed as the most volatile among industrial commodities. My own research on the dynamics of commodity prices confirms this fact. The oil volatility has recently risen significantly, increasing the uncertainty about the worlds...