maybe in such specific markets as coffee, corn and etc, where much less speculators and much more producers, it does matter.
but not in crude oil.
max oil prices by years.
1999 - $12
2006 - $60.
2008 - $140.
2009 - $40.
2011 - $110.
2016 - $30.
how did fundamentals change during this time to...