With oil trading at $75/barrel, the commodity is down 48% from its highs just a few months ago. Remember all those people who said oil would never get back to double digits again? That prognostication didn't last long!
The irony here is that oil is down more than the stock market, but you don't hear anyone complaining about evil oil short sellers or begging for drastic supply cuts to halt the slide in prices. It all depends on the asset class when it comes to free market intervention.
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