The hedge fund’s chief executive delivered a strong case for calm Friday, and a call to combine the Securities and Exchange Commission and the Commodity Futures Trading Commission.
The hedge fund’s chief executive delivered a strong case for calm Friday, and a call to combine the Securities and Exchange Commission and the Commodity Futures Trading Commission.
Federal regulators have subpoenaed recent trading records from several Nymex traders as part of as part of a widening investigation into the sharp rise in oil prices.
Ignoring a presidential veto threat, the House on Thursday approved measures aimed at curbing speculation in oil and other commodity markets.
A regulatory report released Thursday shows that index funds actually were cutting their stake in the oil market as prices were soaring.
A Dutch company is accused of making about $1 million in illegal profits by manipulating oil prices last year.
The C.F.T.C. charged Optiver Holding, a global trading fund, with manipulating the oil market on the New York Mercantile Exchange in March 2007.
The C.F.T.C. charged Optiver Holding, a global trading fund, with manipulating the oil market on the New York Mercantile Exchange in March 2007.
A preliminary study by a federal task force concluded that the rise in oil prices over the last five years was “largely due” to rising demand for oil, rather than speculation.
A preliminary study by a federal task force concluded that the rise in oil prices over the last five years was “largely due” to rising demand for oil, rather than speculation.
The Congressional hearings this week over the impact of speculators on the price of oil made for wonderful theater — but they had nothing to do with oil.