Is there an oil-price bubble; has it been pierced?Analysts: summer’s rally fed on fear; no fuel shortages; high prices should gradually help bring more oil into the margin Brad Foss Associated Press Business Writer
In mid-August many energy traders and analysts spoke of $50-a-barrel oil as almost a sure thing. Now that crude futures have slid 11 percent from their recent peak, settling at about $43 on Aug. 27, reaching the half-century mark anytime soon is considered more of a long shot.
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