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 ...
Posted in Futures and Commodities | No Comments »
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 ...
Posted in Futures and Commodities | No Comments »
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 ...
Posted in Futures and Commodities | No Comments »
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 ...
Posted in Futures and Commodities | No Comments »
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 ...
Posted in Market Commentary | No Comments »
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