Oil Producers' Bad Bets PDF Print E-mail

Trying to guess whether oil prices, which jumped by as much as 25%, to $130, on Sept. 22, will surge or slump? Don't look to the commodity producers for answers. Even companies pumping oil out of the ground don't have a clue where prices are headed. In this volatile market, several industry players have made ill-timed bets that have wiped out their profits.

Source: Business Week

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