Optiver Charged In Commodity Futures Trading Commission Probe

Thursday, July 24th, 2008

Optiver and two subsidiary companies have been charged by the CFTC for their involvement in manipulating oil and other energy prices. The company's website states they offer a "broad range of arbitrage activities, which are becoming more and more sophisticated in form." It seems their "sophistication" has landed them in the ...

Oil Prices Unable To Rally

Thursday, July 24th, 2008

So far Oil hasn't been able to muster enough steam to return to record levels. The reason? Commodity traders are fearful that demand has slipped in the giant U.S. market. In the last four weeks alone, American drivers have cut another 2.4% of their gas usage from ...

Gas Prices Hit All Time High In The U.S.

Monday, June 30th, 2008

If you feel like you've been paying more than ever at the pump, you're not alone. The feeling is coming from the fact that you are indeed paying more for gasoline than any American in history. The national average for gas prices in the U.S. has now tipped ...

Analysts Predict That Fuel Prices Could Drop In 30 Days

Wednesday, June 25th, 2008

Fuel prices have continued a steady climb upward and lawmakers are looking into making regulations on the very profitable business of oil speculation. Analysts and Oil producers agree that excessive paper trading going on the oil commodity futures is to blame for higher fuel costs. These speculators never actually trade the ...

Oil Hits New Record

Wednesday, April 16th, 2008

Oil set a new record at $114.54 per barrel. The main reason cited is that speculators are pouring money into commodities, due to the continued decline of the dollar. As the Euro continues to climb against the dollar, money keeps pouring into oil. According to Olivier Jakob, the trend ...