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By Benoit Faucon LONDON (MarketWatch) — OPEC’s secretary general was quoted Saturday as saying $100 a barrel is now an acceptable price for producers and consumers and doesn’t hurt the economy, days after the cartel’s kingpin, Saudi Arabia, said it also favored current price levels. But in an interview with Austria newspaper Kurier, Abdalla Salem el-Badri also warned against blocking the Strait of Hormuz, a key Middle-Eastern oil route [...] The WSJ is finally noticing that markets have become, you know, weird: “Amid the wild swings of the past few weeks, cracks are appearing deep in the workings of the stock market that some professional investors say are making the market treacherous to trade. Hedge-fund traders and mutual-fund managers say it has become increasingly tough to trade an individual stock without causing a big swing in its price. Thats led many large [...] |
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