Posts tagged ‘oil trading’

Key regulator: Speculators swamping oil, grain markets

by Kevin G. Hall | McCLatchy Newspapers
WASHINGTON — In the sharpest criticism yet of excessive speculation in oil markets, the head of a key regulatory agency presented data Thursday showing that almost nine in 10 traders betting that oil prices would rise were financial speculators, not actual end-users of oil.

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Who’s to blame when gas costs $1 more than last year?

from USA Today:

DES MOINES, Iowa — Gasoline costs $1 per gallon more than it did last Memorial Day, and the the Wall Street speculator, more than Texas oilmen and OPEC ministers, is often seen as the bad guy at the gas pump.