Reuters: Report: Saudis to up oil output in bid to stave off global crisis
Talkback
Title:For Fritz # 1
Name:Clickfool
City: SussexState: England
"the price hike is not caused by excessive demand but by speculation of Wall Street sharks."

You`re right - vast tides of speculative money are flowing into the commodity funds.
The oil price is a bubble waiting to pop.
Those punters suckered into the market late (meaning "now") will take a savage bath.

There`s a world economic calamity just waiting round the corner.
We haven`t seen anything yet.
Anyone with any substantial funds invested in the stock market still have time to get out.