Oil and Gas Prices
Government Uncovers Oil Price Manipulation
Monday, July 28th, 2008Is this really true? This was an interesting read over the weekend from the CNNMoney headliners wherefore the writer based most of her arguments on “Traders manipulated oil prices - U.S.” on an article by Steve Hargreaves on CNNMoney.
Earlier this month Nomi Prins wrote, Oil speculation: Why we don’t have answers on CNN Fortunes. [...]
Oil Prices Closed Above $100 on Speculation
Wednesday, February 20th, 2008Oil closed yesterday at new record height of $100.10 - a level that had never been seen before. Goldman Sachs have speculated about this for more than two years. In a BBC report then, they said that “.. the oil market… early stages of a ’super spike’, which could push prices as high as $105 a barrel…” However, the oil market finally succumb to these sort of speculations from oil futures trader. Funny enough, this rise was market nothing to do with the numbers but hunch and hear-say. Full BBC story on “Oil prices surge to new records”
