Why Did Oil Prices Just Jump By 27 Percent in 3 Days?
Oil prices have posted their strongest rally in years, jumping an astounding 27 percent in the last three trading days of August.
While much of the recent price movement defies reason and is enormously magnified by speculative movements by traders to take and cover their bets on oil, still, there were a series of rumors, events, and fresh data that helped contribute to the spike.
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