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Short Covering In Oil Drives Prices, Steven D. Dolvin
Short Covering In Oil Drives Prices, Steven D. Dolvin
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Suppliers reported an increase in crude oil inventories, yet contrary to supply and demand fundamentals, prices rose. Much of this is attributed to short sellers covering their positions at what is expected to be the low point in prices. See article here, Reuters.
China Suspends Circuit Breakers, Steven D. Dolvin
China Suspends Circuit Breakers, Steven D. Dolvin
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Circuit breakers are designed to slow down (or even halt) panicked selling. However, Chinese authorities recently suspended their newly implemented circuit breakers, as they seemed to be increasing panic (as opposed to reducing it). See article here, Finance Asia.