Jim Rogers says stories of oil speculation are ‘not correct’

George Iype, writing for Commodity Online reports:

Investing legend and commodities guru Jim Rogers says crude oil prices have been going up thanks to an unprecedented demand-supply mismatch. He said those who blame speculators for oil price surge do not understand the oil reality in the world.

Talking to Commodity Online, Rogers, who founded the Rogers International Commodity Index, said he has been predicting all these years that oil prices would go up because of shortage of supply.

LINK TO FULL ARTICLE: commodityonline.com