Investing & trading with exchange-traded funds (ETFs) and closed-end funds (CEFs). Strategies & analysis but no buy or sell recommendations.

Visit SeekingAlpha ETFs

Hey, Congress, Speculators May Not Be the Bad Guys

Posted on July 01, 2008

Congress has a mind to save us all from speculators and their evil-doing ways in commodities markets. Trouble is, as the following Bloomberg figure shows, oil prices have ramped hugely over the last year despite the number of open contracts having peaked almost twelve months ago. In other words, by at least one measure the influence of speculators in commodities futures markets is down, not up. ...

Original article link


commodities , futures , markets