Speculative Trading in Crude Oil Market
June 24th, 2008
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According to CFTC “Speculative traders’ interest in crude oil now account for roughly 70% of all trading in West Texas Intermediate crude on the New York Mercantile Exchange, compared with 37% in 2000.”
Some officials still argue that the oil buble is not speculative. Why they are so “sure”?
http://www.cftc.gov/stellent/groups/public/@newsroom/documents/file/cftcfactsheet062308.pdf
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