Question: Briefly describe the events and developments that led to a spectacular increase in oil prices in the new millennium. In your answer, discuss the role

Briefly describe the events and developments that led to a spectacular increase in oil prices in the new millennium. In your answer, discuss the role of speculators.

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The economic definition of a speculator is someone who is trading and not hedging For example a trader who is short gold futures but does not hold gold in inventory is speculating In contrast if this ... View full answer

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