If "fundamentals" drive trend changes in financial markets, then shouldn't the same factors have consistent effects on prices?
- Crude prices surge nearly 4% in their sharpest one-day percentage gain since May. The rally was "aided by fears that Tropical Storm Bonnie will enter the Gulf of Mexico over the weekend and disrupt oil production." (Wall Street Journal)
- "Oil Prices Soar As Gulf Storm Threat Looms" (Associated Press)
- "The storm should keep oil prices bubbling if it continues to strengthen and remain on track." (Bloomberg)
- "Oil Slips From Surge Despite Storm Threats" (Commodity Online)