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ft.com - 7/3/2009

FT.com / Companies / Oil & Gas - ‘Rogue broker’ blamed for oil spike

— ft.com — The startling spike in oil prices to their highest level this year on Tuesday was caused by... a rogue broker who placed a massive bet in the Brent oil market, triggering almost $10m (€7m) of losses for his company. PVM Oil Associates, the world’s ... (more) FT.com / Companies / Oil & Gas - ‘Rogue broker’ ...

Commodities

Oil

Comments vote downundo vote up FT Alphaville found this 7/3/2009found this

3

online.wsj.com - 7/13/2009

Don't Shoot the Speculators

— online.wsj.com — Speculators don't get much respect. Short sellers last year were blamed for their trades warning about the... credit crisis, and commodities traders are now accused of causing higher oil prices. Even when traders are later proven right -- maybe ... (more) Don't Shoot the Speculators

Comments vote downundo vote up Midas Oracle .ORG found this 7/13/2009found this

3

businessandmedia.org - 7/10/2009

Energy Expert: Oil to $20 a Barrel

— businessandmedia.org — Respected energy economist Philip Verleger makes case that oil will fall to levels not seen in over... a decade. By Jeff Poor Business & Media Institute 7/8/2009 10:16:37 PM Send this page to a friend! (click here) There could be a potential “tax break” ... (more) Energy Expert: Oil to $20 a Barrel

Government

Oil

Comments vote downundo vote up Newmark's Door found this 7/10/2009found this

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Which way Wednesday - For Oil
Trading Goddess — ... In an opinion piece submitted to The Wall Street Journal, meanwhile, U.K. Prime Minister Gordon Brown and French President Nicolas Sarkozy (who obviously ARE PSW subscribers) wrote that governments need to act to curb a "dangerously volatile" oil price that defies "the accepted rules of economics" and "could undermine confidence just as we are pushing for recovery." In Washington, the Commodity Futures Trading Commission, the main U.S. futures-market regulator, said it is considering tougher regulation of oil-futures markets. The proposed ...

When the going gets tough, blame the speculators
Management R&D — Telling hostility to markets In Washington, the Commodity Futures Trading Commission, the main U.S. futures-market regulator, said it is considering tougher regulation of oil-futures markets. The proposed rules, which drew immediate criticism from traders, would seek to curb the influence of speculative investors such as hedge funds and investment banks by limiting how much money any single trader can bet on any one commodity at a time. ...

Risk Aversion Returns
Daily Markets — ... it had been trading at 3.4% just prior to the bidding. The bid-to-cover ratio of 3.28 is extremely high. On the month, the 10yr Treasury rate is lower by .20 (20 basis points) as is the 2yr note, as well. 3. Commodities: have largely tracked the equity markets lower with certain commodities, such as oil, declining even more. Oil on the month is down approximately 12%. There is increasing noise about further regulation within the oil markets, as the Wall Street Journal reports, Oil Speculators Under Fire . 4. Currencies: the greenback is sliding sharply versus the Japanese ...

Those Evil Speculators Again!
Michael Covel: Trend Following Manifesto — ... This is good news! Once the government regulates those evil speculators (removes them) we will all have “low price shangrila”! It is amazing what government can do for the greater good when they put their mind to it! Ah, excuse me while I go puke. ...