Crude Oil pipeline 2016 has been a roller coaster year for the oil traders. Markets had a near 100 percent rise from February lows, followed by a drop of more than 20 percent, which took the oil markets into a bear phase. However, the bear phase lasted only for a few days, as the markets again gained 20 percent. Though part of the price action is due to fundamentals, the rest can be attributed to speculation. The speculators in the oil markets feed on the rumors and fundamental news, and overshoot prices way above logical levels, trapping smaller investors. This is not the first time we have seen speculation in oil prices. Back in 2008, the vertical rise in crude oil was largely attributed to increased speculative activity. (Click to enlarge) The price of oil more than doubled from 2007 to 2008, when oil peaked at $147.27 a barrel […]